The market didn't drop much today, but the volume has increased each day for the last three days. With today's bad housing numbers, the sellers are gaining strength. We might see a steady drop to 1040, but the selling should increase dramatically if we move below 1040. There are bearish patterns on most of the financial stocks including JPM, BAC, AXP, PNC, C, and WFC. For turbo charged results, try call options on the inverse leveraged financial ETF called the FAZ. Some tech bearish plays include AMZN, GOOG, and EBAY. Just to be clear, these would be put option trades. Always remember your money management. Never put yourself in a position where one or two losing trades wipe out your entire account...especially when you are trading options!
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