Quick Market Update

The charts that have mattered, 5, 10, 15 , etc that have been leading negative make this move look like exactly what I expected, at least the start of it.

What is important intraday is to watch the averages, the levers , the sectors, etc.

Thus far, the only 1 min positive I see is in the QQQ and only 1 min which should be expected in the context of even a move like this, everything else so far is in line with the averages, I'm trying to watch everything at once, but it looks like what we have been seeing, the selling of risk on strength and buying of safety on weakness is playing out before our eyes now which will be explained in a 2 sentence statement on CNBC, but this is an underlying trend that has been building for days, weeks and months.

I'll try to keep you up to date as possible.

For options that are going green that expire near term, I'd take profits or reduce risk if you feel you need to in to this momentum and new positions can always be set up. Right now I'm not making any changes, not even to this week's expirations as of yet.

We suddenly jumped in to 8th place of 700 portfolios with a 15% gain today across all options, this obviously shows we were positioned in the right way, timing could have been better, but we wouldn't be in 7th place of 700 if we weren't positioned correctly vs the crowd.