guys - I can't give trading advice - but again general consensus was that this was not going to be another big up year, and been calling for a correction in the first quarter. During down years KISS systems might make a tiny bit or they lose some - but they don't knock it out of  the park.  during a bear market year if SPX loses 25%, the KISS system index ETF's might make 4% or lose 7% - they don't make 30% during a down year, they make a little or they lose a little.   

futures are of the lows for now, ES futures down 169, were down over 200, but a long way to go until morning

for things like UPRO these 3X ETF's, don't swing for the fences in times like this - I have some UPRO because of the system so I'm taking a hit but I took a reasonable size, and I'm also in the IAU, SLV, UGL, PDBC, ERX, some of these others.  

anyway it sucks all around but we have to keep these things in mind, we always need to live to trade another day, which is why we can't be crazy aggressive with leveraged instruments. That said, we'll take some lumps and after something like this generally forces us to re-set our game plan and in the future it will be a distant memory. 

Been ultimately looking for another low in the low 5000 range, was hoping we would have a further move up in that B wave, however the other bearish scenario where we go down to is playing out.  That said, assuming SPX gets down to those lower levels, that will be the place I'll position into again as that will likely be at least an intermediate low for quite a while 

we'll see how gold does here, the first reaction was down, then way up, then back down, now it's up some

James is working on those inverse ETF's and maybe can get that out next week.