My Actions

I personally am not convinced the bounce is over, usually we end these things with a bang, like a big head fake, but I am taking some profits off the table in Ultra and Ultrapro ETFs that I've had in place. I don't mind missing out on some extra profits, I had good profits and have decided to lock some in. I still have open positions, generally I've taken about 50% off the table.

Like they say, enter the trade cautiously and exit quickly. I don't entirely agree with that, but in this case, I simply am not seeing continued good underlying 3C support. Note that the market can and does continue to rally in to negative divergences, thus I'm taking "partial" profits.