Capitulation

You can't fight crazy. I just ate a huge loss in UVXY riding that devilish instument for too long. The markets surged to new ATH today ferociously after news hit that the Can of Greek Drama has been kicked down the road for four more months. 
The fundamentals of this market and the global economy are deteriorating rapidly...

I thought that this would matter to the markets but thus far have been proven wrong. 
The Bulls will push this charade until the very end. This market will continue to remain exuberantly bid until the flashpoint, 2008 Lehman like moment which will knock the entire system down to it's knees.

Today I capitulated closing positions in UVXY, MBLY, & SOXS. I also put in hard tight stops on my LL, JNUG, & RUSS positions. The market is mad right now. It is trading as if there is truly nothing that can take it down. 
Oil got hit today, the over-supply imbalance isn't going anywhere. I remain bearish on Oil via SCO & ERY.

I also remain short GPRO. The stock didn't even participate in today's exuberant rally after becoming victim to a viscous two day pump & dump event surrounding their massive insider lockup.

You know the fundamentals are deteriorating. This is pure multiple expansion that we are witnessing. There are many headwinds, many reasons to be bearish. Really by most any rational measure this beast shouldn't be going up at all let alone  rising every day like it's been doing. However, now the S&P is back to making fresh all time highs. 
Up here in space there is no resistance and the market could very easily go hyper-parabolic from here.
 I'm no longer such an ardent bear. Instead, I will focus more on very short term Intraday trading/ Scalping opportunities. Perhaps I will make use of a popular strategy involving 'buying the dip' or more correctly played in this market 'buying the all time high.'
Good Luck playing the Great Central Banking Bubble of 2009-Present