A Step Slow

The hints this morning that the market was going to fail were there. Namely Citigroup quickly traded down and the Russell 2000 severely lagged. I waited to see the opening readings of the put/call ratios and when they showed a lot of call buying I entered an order to sell short but was a step too slow and the order was not filled.

I don't want to chase weakness but if the market does rally back and we see exuberance again I might take another swipe.

1 comment:

Market Owl said...

We're 5 points below where we were after the retail sales number came out. Unless you absolutely have to short the top, then I guess you will have to wait.