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Halftime Report, Friday October 30: Bearish

|Includes: DIA, FAS, Direxion Daily Financial Bear 3x Shares ETF (FAZ), IWM, QQQ, SPXU, SPY, TNA, TZA, UPRO, XLF

The major indexes are down hard today. The VIX, TICK, and TRIN are confirming the move lower. The SPY is forming a low base on the daily chart and the IWM is once again in a confirmed double top formation.

No trades for me today as there is too much uncertainty at this point. If SPY breaks down out of its high base I will start picking up short positions (most likely FAZ, TZA, and/or SPXU).


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