Black Friday. Grey Friday? Thank god it’s Friday? QID and other hedges

2010-05-14-qidHere is a 30 minute bar chart of the short Qs ETF, which we use for hedging.  We bought some of this today, meaning we’re hedging, and we also took some other exposure off the table –sold BAC and some DIA.  Hedged Qs and S&P (buying SPXU).  Bought some UUP to short the euro.

The momentum is running down meaning there will be buying bargains when this downwave plays out.

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