The Chaikin Analytics Bull:Bear Ratio fell to its lowest point of the year yesterday (track the ratio for every trading day of the year here and the S&P broke below a key technical level yesterday. Our intermediate term market posture has moved from Neutral to Bearish. Today we're taking advantage of some sell signals in the weakest performing market sector, like Consumer Discretionary. TIF has a Very Bearish rating, is in a weak industry group and underwent a technical break down yesterday. We're fighting the market maker to get a goof fill on an out of the money call spread. We are also short Pandora and Rubbermaid.
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