E-mini Executors: What to look for on Monday

I have been a bull and been buying support more aggressively than selling resistance. With the market selling off with high volume on a Friday afternoon this is a concern for the longs and could cause me to lay off on buying this break. The S&P closed on its low while the VIX closed on its high. This is bearish action and if you are long you don't like seeing that going into the weekend. This just means that traders were not comfortable going home with their longs in the S&P and the VIX rally told me that they bought protection. The VIX has been all over the map lately sending everyone mixed signals. Going into Monday the main area that I will be watching in the VIX is the 50 day m.a. at 17.88. If we can stay below it then I will continue to buy breaks even with the weak close in the S&P but if we can't then I will be more aggressive with my selling. The Dow Industrials have been acting so strong and have been leading the market to the upside. This week they failed to test their down trend off the recent highs and closed below their 10 and 20 day m.a.'s. This is also bearish action and a concern for the longs. The Dow could now be looking to test its 50 day m.a. at 12,383. The Dow did not test its 50 day m.a. last week while the S&P and NASDAQ did. I first believed that this action was bullish and the market would be looking at new highs but I am now thinking that the Dow Industrials might have to test their 50 day m.a. first. With the weak closes in the big three (Dow Inustrials, S&P and NASDAQ) the Dow Transports remain looking strong. If the Transports start to fail at their 10 and 20 day m.a.'s then this would indicate weakness across the board and the longs should in be in trouble. On Monday keep an eye on the VIX and the Transports to help you with your execution.