I think the market may be up Thursday, but I am short....

It's the last day before the 3-day Easter break and how nice would it look to be able to say we have had 5 straight weeks of gains.

That being said I am still holding SRS, FAZ and TYP.

So if the market goes up Thursday, I will say "I told you so"

If the market goes down Thursday, I will make money.

Win - Win! :)

Seriously though, what would scare me from the short side is if Thursday is so bullish that we take out $9.70 on the XLF and 845 on the S&P. (the highs from a few days ago)

The funny thing about this rally is even though it still SEEMS LIKE it is going full steam I sold my 401K 2 full weeks ago at 833 and even with all this "rally" we are currently trading at 825. The "real" portion of this rally all took place in the first few days.

Thursday could blow this out of the water though as I expect a gap up of some sort, the question is "will it hold?"

Adding Tech to my list of shorts.... Bought TYP at $34.58

Picked up a decent sized block of TYP (Triple short Technology) at $34.58

1600 on the Nasdaq is a brick wall and a lot of the momo's are up a huge amount today.

If 1600 falls I have an easy exit point without too much pain.