IWM is once again leading the market lower, a bearish indication since IWM is an index with 2000 stocks (as opposed to 30 for the DJI, 100 for QQQ and 500 for SPY). In other words, the broader the measure, the weaker the market performance. IWM Daily IWM Sell Signal Pending Two hours before Thursday's close and IWM has just broken below 168.00. If it looks as though IWM will close at or below 168.00, take an initial position in the IWM Jan 19th $165P, currently trading at 3.95-4.00. Expect to double up on any subsequent break below 165.00. Blue Line PRO Subscribers: The trade described in yesterday's update has been triggered, buy either or both options identified therein.
