Down Periscope

I guess the bulls will scream that we finished green but I don't find anything positive about today's action whatsoever...we rallied to Thursday's breakdown and kablam, down we go...I just don't see many catalysts for a move higher here...the rise in volatility may also keep some more players glued to the bench on the sidelines...the bond market would seem to be the key here...also keep your eye on GS MER and a slew of commercial banks...they may tip off the next move...

I dipped my toe into those March QQQQ puts...though I still have more ammunition for that trade...I just feel that there will be some towels thrown in here should we move lower...see you in the action...jfg.