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I’m looking for a test of 931.76 on the upside or a break of 919.53 on the downside. The break and close to the downside is an automatic test of 903.80-906.83-907.39 A break to the upside is another test of 942.46-944.74.
Below 903.80 is another level of 893.06. I don’t think the market will slice through all of this at once. If the market rallies tomorrow, I’ll look to take a short, if the market sells off like today, I’ll look to take a one day long.

I wasn’t actively playing today. I did sell some of the stocks I had long though. I sold QCOR, and some XLU calls I had gotten into. I made the mistake of holding onto them and they had 20% gains which got slammed today.

I averaged into some more ALKS. Best thing about today was me taking my large money to cash on Friday. If the volatility increases beyond today, then the signals Utilities were giving out last week, may be a real sign of wealth rotation for the time being. Utilities are much lower beta and payout dividends.

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