Long FAZ

bought 59.50 @ 1:23
sold 60.50 @ 1.32

reason for buying:
- xlf was weak and looks to break down any minute with all mas on 5min capping any price advance
- other financials look weak...C, WFC, MS, GS, all looking like falling over soon
- spy was also looking weak

reason for selling:
- spiked up quick..was afraid of a false breakout since the market was still range bound.
- trying to take any good profit this thing would give, since it moves so quickly.

update:
right after i sold it. FAZ came right back with a huge wick/finger and came right back to below 60 on high volume...I was like WTF was that!...and was too chicken to later enter it again in that level..as it seemed like there was a huge seller.

yup..you can't hold anything longer than a few minutes...