The markets sold off hard this morning, but calmed down and chopped higher into the close. SPY is still below that key resistance line at 110. The VIX finished up about 4.5%, retracing from its intraday high of up over 10% early in the session. The TICK drifted back towards neutral to close out the session. The TRIN stayed very bearish all day. The Dollar was strong today, which helped push stocks lower.
There are no economic reports scheduled to be announced tomorrow. However, tomorrow is options expiration day, so the markets can do some pretty wild things tomorrow. We could very well gap up and re-test the highs for 2009 tomorrow. You never know...
Also, look out for how Dell's earnings affect the markets tomorrow morning. DELL is down hard after hours.
I added to short positions today, but will lighten up on those positions if the markets show serious strength tomorrow. I will not be able to do the Halftime Report or the Post Market Analysis tomorrow because I will be traveling to and playing in a racquetball tournament this weekend. Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.