Iran is threatening black market currency speculators with execution as its currency, the rial, is collapsing.

In what could be the most bizarre news of the day, Reuters reported: "Faced with a plummeting currency in the wake of toughened international sanctions, Iran is cracking down on black-market money changers and warning that major speculators could face execution."

Why? According to the report: "The crackdown comes as Iranian authorities are struggling to stabilize the rial, which has nosedived amid announcements of new U.S. and European sanctions against Iran’s central bank and oil exports."

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The S & P 500 failed to hold above 1325. The small (RUT) and midcap indexes (MID) made new highs. The Nasdaq advance decline line made a hew high. The number of stocks making new 52 week highs continues to expand.

SPX has remained above its 20, 50 and 200 day moving averages since December 20, 2011. This is a well established up trend.

Just the same, we have adjusted the entry point for our short sale protection ETFs, SH and RWM. See below for details.

"Buy", "Sell" and "Sell stops" are based on the criteria put forth in Dr. Duarte's books "Market Timing for Dummies" and "Trading Futures for Dummies."

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