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.
Disclosure: No position