Lots of bad news this morning. Spain downgrade, claims up, China's trade balance swings to a deficit on weak exports while our trade deficit increases (China's not buying American).
SP futures fell to their 50-day M/A but are above the triangle low, 1292.50. I'm holding 4% SSO here and am willing to wait for DJI 11,983.70 and SPX 1294.25 to fall before pulling up stakes. It's hard to buy here even though technically I should.