As per last Thursday's QQQ Alert, we want to be Long QQQ Puts on a break below $280. This will be an "anytime" trade, i.e., no need to wait for the close. In addition, VXX is breaking out of oversold in its daily price bars, which would also be bearish for the intermediate term. Intermediate Term Sell Signal Pending: QQQ <$280 (anytime) Option: Dec 18th $265P (8.50-8.70) or aggressive: Nov 20th $275P (8.30-8.50)
