It's interesting that one of the "horsemen", GOOG, is down over 12 points, and yet the NASDAQ is pushing to new yearly highs. In any case, the only index I trust to short right now is the Russell 2000, which is both at the 38.2% retracement level and mashed up against the top part of its Bollinger band.
I have therefore gone long TWM, the double-inverse ETF.
