PREMARKETS

Markets are set to open way lower after the big run over the past week- SP FUTs down about 22, NQ down 25 and DJIA - lower by 175.

The strategy for me for today probably includes shorting any and all pull ups with the RUT looking to be a good place as that index has had a very big rally off the lows. Longer term shorts look to have good setups with stops at SPX 900 and DJIA 8830.

A big day in New York today as all eyes will be focused on Marbury Plaxico and Hillary- so should be some amusement besides the markets.

Trader Mike with his overbought take;

A fast turnaround argument from Baumohl;

The 10 year Chart of the Week;

The Best and Worst from Bespoke;