Got to love this market, the swings are huge intraday but I must warn you the trend is still down. Today I did expect us to pull in after having such a huge up day yesterday, the gap up was a give away to short and it played out well. The financials got some selling today after the gap up and I think we will soon start the selling there again.
We are now in earnings season and it will be a surprise if earnings blow out to the upside as past quarters. Tech is the place I will be looking at for some earnings to come in lower than expected and surprisingly the staples as the consumer pull back on spending.
I will be sending out some option plays as we head deeper into earnings season. I still expect us to bounce alittle higher.
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