The stock market futures are currently in the red after another nice rally on Wall Street.
The current DOW futures are down 39 points, S&P futures down 4.40 points, and NASDAQ 100 futures lower by 6.50 points.
Can positive earnings keep this rally going? I have been getting very conservative in the last week, and it seems the market is getting tired. I would expect a slight pull back soon. One way I have been getting protective is by purchasing slightly in the money calls on double and triple leveraged bear ETF’s. I have been using the ProShares UltraShort S&P500 (ETF) (NYSE:SDS), ProShares UltraShort Financials (ETF) (NYSE:SKF), Direxion Daily Large Cp Bear 3X Shs(ETF) (NYSE:BGZ), and Direxion Daily Finan. Bear 3X Shs(ETF) (NYSE:FAZ). I don’t like holding the actual shares, as during longer trends they are sure to decay.
