Daily Update: March Madness


Today's gap-up reversal on top of extreme levels of bullish sentiment is a classic market pattern recognition Sell Signal. Coincidentally (or not), we have the following system Sell Signal on which to hitch our trading wagon (along with still open Sell signals from last month): 

Sell Signal: Aloca (AA)

Option: May 17th $30 Put (around $2.80)