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Hedging your portfolio

|Includes: AA, INTC, JPM, ProShares UltraShort S&P 500 ETF (SDS)

The market looks a bit extended. The fundamentals are quite negative. We had great numbers from Alcoa (NYSE:AA), Intel (NASDAQ:INTC), and JP Morgan (NYSE:JPM), but I think what smart money is doing is looking towards the future. The recovery is going to take a lot longer than expected. SDS is a great way to play the pullback in the market and hedge your portfolio.

Disclosure: long on SDS