Two More Recent Picks Hit All-Time Highs While Market Tumbles

Exchange traded funds SCC and SRS are hitting new all-time highs today. Three other inverse ETFs that I mentioned in a mid-December article (TWM, SKF, and SDD) are on the verge of pushing to new highs as well. The market is making lower lows and lower highs as a downtrend takes shape. The gold, energy, and solar sectors that I have recently highlighted in articles have bucked the trend for now, but not much else is working.

The market is taking on a very bearish look so be cautious. The S&P has to push way back up through 1500 to signal a potential break in the downtrend. That means there is a lot of room up for technically insignificant bounces. These bounces will likely just be good chances to get out of longs and enter short trades.

Good luck!