Huge Dark Pool at the close Thursday in index ETFs. Its been my view for some time the last couple months have been distribution. The drop Thursday in the indexes came without any “trigger”. This is the third such large red day in the last couple weeks, where the market fell in this manner, without any apparent news. These no news days are bearish days. The markets are dropping because price has outrun valuation. I said this last week, but I once again do not see any V bottoms from here. 

I have 3 short positions currently in the stock indexes. That’s a bit more aggressive than I was last time.

Paypal looks to be ready for a move, if you are looking for a single equity.  Chart attached. Lots of room underneath if it starts to go.  

Thanks,

Joe

PS-Recently I opened up a new program that I have been working on for the past few years. At a key point, I tweaked the formula and this thing has been absolutely on fire. If you want to see the trades it is kicking out, click here.