QUICK MARKET UPDATE

As far as when to sell the calls from yesterday, I think we hit it right on the head today.

The IWM intraday has negative signals and looks like it's coming down, the end of day longer term 3-5 min charts will be important as far as next week goes.

The QQQ is a little closer to in line, but still has intraday negatives that look to limit any more upside and likely pull price back. The relative performance today makes sense wit the signals, even with the other averages.

The DIA looks the worst intraday here, it is actually in a position that I'm no longer willing to say that it will rotate in to better relative performance.

The SPY though, has some small intraday negative, but really looks like it will rotate in for the best relative performance, a big difference between what we saw yesterday short term, but those charts were correct.

I don't know or suspect we get an opportunity to pick up calls at low risk high probability, but it's something worth keeping an eye on, otherwise we'll use strength and weakness in the most profitable manner.