Today\'s Outlook

If I score lower than 85 on my golf game today, market will confirm its short term down trend and bear will take over. Any score above 90, I will be out of my short/put positions and wait for next week. Any score between 85-90, I will keep my current positions.

Seriously, if S&P hits 1380 area with strong vol today, bear might have a good chance to take over. That would be a time to increase short/put positions.

The market does not need a good reason to move up or down. Just go with the wave. Reasons such as oil price is too high etc are BS. When MMs have had enough on one way, they will turn the tide to the other way to make money. Manipulation in WS, that's all it is. With hedge funds becoming a norm in WS, the tide would turn much quicker either way. There is no strict regulation for hedge funds and they are acting like loose cannons eating retail investors alive.

However, one thing people need to take note is, SEC will start to monitor financial firms more closely. That could provide some ammunition for the short term financial down trend. Who the hell knows what SEC will dig out from all those financial land mines.

Do I sound like a Bear? Probably yes. However, as I have mentioned many times, I don't care if it's a Bear or a Bull, they are both my good friends. Therefore, in reality, I don't give a damn.