Quick Update

There's so change of tone, TICK is falling off, several of the Index futures are going negative and several of the averages (intraday ).

I'm interested in Financials, I think if there's a strong fade of this move, Financials may be one of the stronger areas to look at, short XLF or long FAZ, I'm not looking at opening any position there yet, it just looks to be one of the more interesting areas.

The Yen looks like it has found an initial toe hold as well.

This isn't the time for rash decisions or to swing for the fence, but there does look to be a nice fade opportunity if we are a bit patient, whether it's out of false rumor, over-reaction or sell the news, I don't know, I just care that it gives a strong signal.