TOPS ARE NOT EVENTS, THEY ARE PROCESSES

That being siad, it appeared to be a strong day, but the dominant price volume relationship was as bearish as it gets, so this is typical noise in the top, good for shorting into.

I'm having trouble with the Spreadsheet tonoght, but here are a few shorts to consider:

PFC WRLD C RTI XME MPW

And longs:


JRCC BBI PRWT TRMA

PSID (on the list-definite add to) and VXX  with a stop at 19.19/ target>$26.

Tomorrow , 3C is inconclusive, but the closest thing I see is a intraday negative divergence suggesting some downside. We are still looking for the $118.20-$118.25 level on the SPY to jump in and quick.

QQQQ negative-leading divergence, strong suggestion of at least early a.m. downside and it could migrate to the longer mid-timeframes and create quite a downdraft.

I'll post an intraday update once we see what the morning range will do, but last night gave you a lot of choices to consider and most as good entries today. Email me with any questions and despite what Warren Buffet said about GS, remember he has a large position there-there is distribution, it could even be him.