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$SPX Daily Update

|Includes: SPDR S&P 500 Trust ETF (SPY)

I guess it shouldn't come as much of a surprise to see SPX back off a little today. If you've been following the last few posts, you'll know that based on recent market action, we've been actively looking to put on a bearish position. We've been following a number of stocks on our watchlist lately, and finally we're seeing some action.

A trade alert has been sent out to our subscribers this morning, I'll be providing all the details later today over at TheMeatballEffect. Drop by when you have a chance, we'd love to hear from you.

Good trading!

Disclosure: No position