Covering XLF

I plan to cover XLF on tomorrow's open for another small gain - but will wait until the open to place the order, just in case it looks to head lower and break support at 8.87. Regardless of what tomorrow brings, XLF will be covered before the weekend.

Even though this system has been successful, I'm starting to have doubts of its future profitability; with some of the XLF components trading south of $5. People might be more and more willing to step in and buy BAC at 4 bucks, for example, just because their downside risk is so limited. To be determined.