Adding shorts

Boy, gap down, fill gap, huge drop in the final hours, Ms. Market sure likes to tease people. I don't think the down grade of WFC was as big of a deal as the media made out to be. If it were, the GS downgrade last week would've done much worse to the market.

If you were watching GS today, you could've seen the drop coming. GS was flat all morning while the DOW ran up 100 points from the low. And it started dropping way before everything else was showing signs of weakness. Gotta keep an eyes on the leaders. Another warning sign early in the day was the divergence between the market and the dollar. The dollar was tanking against the Euro, that should've translated to a much bigger pop on the indexes.

I added to my long positions in TZA and FAZ and shorted BAC at 16.85

While one day does not a trend make. Right now the signs are starting to favor the bears.