Gold, Silver, and now Tech. The market is showing more weakness since last Friday's break of the 10 day MA. I think that any rally that we see this week should be used to buy put options. The GM IPO (now officially slated for Thursday) might not be enough to boost the market higher. I still like VMW to drop to around $70 to $71. NFLX should drop and fill the 10/20/10 to 10/21/10 gap up. A drop to $153 would fill that gap. AMZN could make a big move lower, but wait for it to rally back up a bit to set up that next move down. I do like the bullish recommendation on CIT...if this market can somehow rally. If you entered into that trade, consider a tight stop below today's low. If we reverse today's move in the next day or two, it might not be ready yet to rally.
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