MJTT

Right?

WRONG.

Just another wasteful, low volume, trash buy trend from a support level earlier in the month after December's Smack-In-The-Face Week at the beginning of the month.  Is this anything to get exited over?  No.  One thing is for certain, and that is Financials won't pull the market up off of it's rear until Wednesday, so if you're shorting Financials, wait until tomorrow's close to buy.  My call?  Short the hell out of Oil.  Easier said than done, for oil stocks' exposure to heavy market selling (as heavy as it gets this week, at least) makes it a tough trade to make.  My CVX buy in @ $69 went through today, and I'm going to be a holder up until closing bell Friday.  Market takes a dump next week, mark my words.

Something interesting I noticed was the ProShares Financial 2x, SKF.  This thing moves like Jesus Lizards walk on water; fast and unexpectedly.  Caution is the name of the game with this sucker, and today it decided to hit a Fibo Level of 23.6%, or $119.31 @ 3:00.  At this point in today's trading, SKF was still stair-stepping its way to mimicking old trends topping it out @ $140.  Will this happen?  After today's cliff dive at the end of the day with a nothing momentum, relatively high RVI, and some OB signals, my prediction for the SKF is that it'll move back down to a $105-$110 level by Friday, and that's why my stocks get sold and the SKF gets bought, 50% Cash, 25% SKF, 25% stocks.  Get prepped for next week now, because if you don't start watching trends that occur before your very eyes now, you'll miss out on the top off the market on Friday.  With the way intra-day is these days though, my predictions have a very good chance of being wrong.

OPEN POSITIONS:

AAPL 60 Day

AAPL (Nov. 24 - Dec. 22)

CVX 3 Month

CVX 60 Day

ENER 30 Day

C 20 Day

SKF 30Day

GT 60 Day

Caution is the name of the game.  Just because it's low volatility doesn't mean that it's a good thing...  As always:

ZM