This morning's Open saw the Dow gap down below 23,750, its 200 day moving average. What it does next is critical to the near and intermediate term direction of the markets. Below that level the odds are heavily weighted to the downside. I covered this contingency in the Intermediate Term Update sent out Tuesday. If you are not on that distribution list and would like to see it, email me at apharris @mac.com. Note: TSLA is getting mauled (earnings again). The obvious move to to exit any Longs and at some point this morning buy the Jun $275 puts, currently trading at about $15.
