3:45pm: We lost the short signal, but a sell signal remains. So my system heads to the sidelines. I notice VXX is up and VIX is down. This usually means a pullback is imminent. On the other hand, seasonality as we all know remains strong. It will probably lead to a bunch of boring range days to close out the year.
11am: It's only 11am ET, but we are getting a strong short signal. If it holds the system will book profits in TNA and open a partial short position. I may consider using a different ETF for shorting, given the tendency for small caps to outperform this time of year. BGZ is an old favorite of mine. I will update later... happy trading.