I will be temporarily out of the war room until about 30 minutes before the close. Any new trades can be taken at the close, or tomorrow morning, but in case I can't send out my usual "Heads-Up" there is one key model that bears monitoring:
DJIA: A close under 21,779 is an Intermediate Term Sell Signal. If triggered exit Long ETF's and replace with Short ETF's: SDS, QID, or TZA.
Option traders buy the SPY Nov $240 Puts. The DJIA is just 100 points away from triggering this Sell Signal, which can happen in just one flash-crash minute. Note that the SPY model already turned down with last week's declines.
