Bearish

The fact is the Bears are back and the Bulls are on the run. This trade is very scary and unpredictable. There could be another crash in the horizon. I say this because the market is trading scared like it did in 2008. When this starts to happen it is like a virus that takes hold of the market place. Until they get everybody out of the market, it cannot go back to normal trading. I believe they have to trade down to the low at 105600 in order to really see what this market is made of. The have to trade down there to prove to everybody that a flash crash is bullshit. The market really crashed and deserved to be at that price. Once this happens the market will resume to a technical trade, which I believe is Bearish. I am selling rallies until proven wrong. Resistance is 110525 and support is 108450. Below 108450 is 105600 and I believe it will happen fast.

Bearish

When the market sells off, it happens quickly and with high volume. This tells me that the market is in trouble. When all of the guys on CNBC are calling for 1300 in the S&P, I tend to get worried. Like I have said before, I will be selling rallies until we make a new high for the year. This market is in bearish mode until then. 115675 is resistance. My pivot is 112975. If we can stay above that area we will trade up to 115675 where I will be a seller. If we cannot hold that area we will trade down to 110275. Selling rallies.

Bearish

The market cannot close above 116025. We should trade down to 113200. If we fail there, then 110400 is next. This market acts like it wants to go higher and before you can blink they are selling off. The selling is coming late in the day which is a sign that they are going lower. Selling rallies until proven wrong.

Bearish

My pivot to the upside is 116025. If we trade above that then the market should trade up to 119000. I am not convinced of this rally. I believe that we will be in a trading range for awhile bearing any news. That range should be 116025 down to 107350. I feel that we are at the top of the current trading range. I am trading small and from the short side. I cannot believe in a stock market when Gold is running the way it is. People do not want to be invested in this stock market. I do not blame them. This is for professionals only. That means that we should trade technically in a range. There is nothing I believe that will push this market above the highs of the year.

Bearish

I am Bearish until this market makes a new high for the year. I believe that we have seen the top for the year and will be in trading range from here on out. There is so much intervention with every issue in the world. They just fix debt issues with more debt..... Debt on top of Debt. If another problem occurs what do they do then? They cannot spend anymore money because there is none. The futures are all over the place. Which tells me that the bears are back and they are taking control. When the VIX has moves like we have seen this week, that means everyone is scared and looking for protection. I am trading small taking advantage of volatility. Resistance is 117370 and support is 111200. My pivot to the upside is 114100. If we stay below that we should trade 111200.

Bearish

This is crazy..... That is all that I can say. What changed this market overnight. I believe that there is more than meets the eye. My guess is that some banks or one bank lost a lot of money and we have not heard the news yet. There has been nothing but selling. I cannot believe that Europe is the cause of this. We shall see. I am extremely bearish because the vix is exploding again and that is how it started the last free fall. Be careful and trade small.

Bearish

If the market cannot hold 116475 we should trade down to 114475. I feel that this will happen because this market is reaching a breaking point and the VIX is proof of this. When the VIX pops this hard and fast this usually means correction or change in trend. I believe that a change in trend could very easily be happening. I will be more of a believer if we trade below the 50 day m.a (116725) for more than 2 weeks. This will force most of the longs out of the market and give the power back to the shorts. I am selling rallies until they violate 116725.