Not much changed today...except for weakness in the technology sector. The markets remain extremely overbought. Alcoa earnings come out after the bell tomorrow and all eyes are on Friday morning's employment report. AKAM made a decent move down today. Another bearish stock I like is CRUS. BA has a sideways range that is similar to what IBM was in before it broke out. You could buy your put and place a stop above $70 or $71. Downside target would be the support around $60. If you are in any commodity trades (Gold, Silver, Oil, etc.) make sure you are taking profits and lightening up on the positions. These commodities have moved almost straight up over the last few days. They are extremely overbought. When the begin to pull back, they could fall almost as fast as they went up.
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