Markets look ready to reverse for a day. I went short both my favorite indexes, the NDX and the RUT. I’ve been wrong this week, but getting out of the short yesterday at the close helped me avoid todays extra pop in the markets. I’m doubting it goes on everyday this week and I’m seeing some temporary overbought signals.

Najarian mentioned he owned SKF calls tonight on Fast Money. I’m pretty loaded up on the index short here.

Two stocks that look very interesting here for a long swing trade are LFC and MATK. I’m adding them to the watchlist. LFC seems like it would be better if a pullback happened before a buy, but MATK looks great right here.

Thanks for reading

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