I am expecting a move down in the stock market, especially since the latest rally is about 25 points long, as much as other rallies since December. However, after yesterday's strong up move I expect weakness to be bought today.
The p/c ratio does not favor a short yet:
It will be supportive of a short tomorrow if the closing reading will be the same as the intraday at this moment.
I also like a short tomorrow since heavy economic data is to be reported. Expectations for the data is positive and this usually leads to a spike at the open that can be sold.
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