SHARK TO SHARK

Maybe revshark is reading The Shark Report or maybe he is just a real good trader (lol), but he is certaintly echoing my thoughts on trading the QQQQ from the long side. He likes a short in the DIA v the QQQQ long and my idea was short SPY. Regardless it still follows my idea of buying weakness and selling strength and for good measure fading Cramer.

Looking at the markets and the sectors today, the winners are the metals, homies and Small caps. The losers are the oils and the Volatility Sisters. The techs and the Semis have gone back to flat and the market internals are a hair green. I do not expect to find anything much different when the closing bell rings.