- If we are down tomorrow we will have a decent oversold reading
- We are seeing a lot of put buying today and it seems that market participants are getting a little too negative in the short term.
- The hiding spots are getting hit today (AAPL, PCLN,GOOG, MA). This tend to happen towards the end of a decline.
- The current week is still seasonally strong.
As a result I have removed half my hedges today. Have a good night.