Bear Market

If my theory is correct about us having strength in the morning and weakness in the afternoon we should sell off today after lunch. You would want close most of the shorts at close and look to reopen short positions tomorrow in the morning on any strength.

I am actually closing some of my spy puts and bringing the rest of my DEC $111 puts to a profitable stop. There are some things i need to work on. All in all was a great day trading. AAPL is so oversold here i expect a short term bounce and this could be a great time to re short. The $TRIN is still above 1.00 so the flow is going into declining shares. The $tick is still net positive so it really hasn't said much or given any clues about the rest of day.