Alert: DB

The VIX finally broke 30, it looks like a short covering rally is going on, but the VIX may have a lot higher to go before a true rally can kick in. In line with our Blind Short we will short Deutche Bank DB, which has just broken support of 80. The broad market may turn around so put the stop at yesterdays close/low 81.50

Sell short 50 shares DB @ 79.59 DB: stop at 81.55