Quick Market Update

For the amount of uncertainty over the next few days, I'm impressed with the averages as well as the Index futures so far, they are in line or better and on some surprising timeframes, some 10 and 15 min, but I think that the movement on those timeframes is to be expected as the charts are a lot easier to move in a lower liquidity environment.

That isn't to take anything away from them, but in my view it's like taking an earnings position and not having any solid edge, I'd rather stick with current positions, very few for short term downside, a lot of core shorts, but those are further out and more short to intermediate timeframe longs as that is where the highest probabilities are and have been (this move down expected from the charts that started last Thursday was a much smaller divergence than the upside one in place).

Essentially the positioning is in line with the highest probability signals, there are more long call positions in place for a move up, a couple of short term short/put type positions in place, but much, much less and for the long term the equity positions are almost all short and doing well.

I like to have my positions aligned with probabilities  and there can be many different trends at once (short term down, intermediate strong up, Primary STRONG down). Not only are the positions aligned with those probabilities, but the types of trades are as well, shorter term trades have leverage, longer term (Primary) don't.