http://www.tradingtheodds.com/2010/12/is-market-sentiment-really-forecasting-a-correction/

i read an interesting article about why to short china...some interesting data points in it i wasnt aware of

http://www.investorplace.com/26076/reasons-for-investors-to-short-china-stocks/

and % stocks on SPX above 200dma was in the 90% and mkt chugged higher for months.....

http://stockcharts.com/h-sc/ui?s=$SPXA200R&p=D&yr=2&mn=6&dy=0&id=p64266562973&a=198 1 60394&listNum=12

pretty scary to short into a historically strong week.....

but i started selling at the money 16/14 TZA put spreads yesterday that expire this friday because rsi5 on TZA was under 10 yesterday morning and im happy collecting $45 premium per spread with only couple days til expiration....worst case i get TZA put to me with cost basis below 16 which im happy owning.....i like selling put premium on oversold stuff that i like owning and with weekly options now for indexes can be good strategy

althought i did buy some far in the money Jan 84 puts with the divergernces in vix and little/no time value in puts

lots of econ. news and fed this week with expiration....

crazy, someone could actually call that an organized pattern name. a pattern that follows 28points

always has unique commentary

TZA RSI5 is 9.....doesnt go much lower than that

wondering if anyone uses PERSONS PIVOTS indicator study in their charts ? any problems with it

http://seekingalpha.com/article/240309-is-j-p-morgan-getting-squeezed-in-silver-market

china IT play.....growth/recent IPO.....big volume bounce today at support just above 50dma.......negative is 2ndary for liquidating some shareholders....risk reward was good for me with big volume

lot tied to options expiration too 

could be decent short with tight stop around $76. nice liquid etf

im waiting to see how it closes as its had reversals here before....good short potential

8dma turning down now.....3rd red bar day....usually once 8dma turns down after long run doesnt turn back up.....trend not considered over on this type of chart though til 8 crosses thru 21dma....(you can do search on here for my past post o nthis chart but usually when bar changes color its a 1st warning of possible change and then use mvg avg as confirming).....also this looks to be 1st day of closing below 8dma on this trend usually meaning trend change more legitimate.....who know though with QE interference

didnt sound that great regarding spending

oh well. live and learn. print out the index charts here as a reminder......

had too many stock have failed breakouts/churn that and all this uncertainty election/fed i figured its ok to wait......especially options....i dont day trade and i only have 1 open position - double diagonal on IWM and VIX got wacked today causing my potential PL to fall off sicne i was long volatility on that position......low volatility, macro moves, indexes tight patterns after big move........i feel its a toss up (also with all the above avg volume days in SPX/mkt in october it would have been nicer to see a more decisive move up but seems to be lagging but hasnt really been a real sell signal in actual prices despite all the various indicators people like to use..........in the end price is king)

ill be curious to see how this future SPX timing system has performed in this market lately