1. Tomorrow maybe bullish -- maybe up to 836 - 840 before down.
2. 2-3 week view is Bearish.
3. 2-3 month view is Bearish.
- NY50R - 50 DMA shows negative divergence. This is bad medium-term.
- NY50R has crossed 5 DMA on the downside. This is bad
- NYUD 20 DMA is turning down and shows negative divergence.
- VIX trend change to up. Crossed 5 DMA, Stochs bullish cross. This is bad, medium term.
- We will likely go up to 836 or so tomorrow. It is important to use the high to buy back Feb Puts.
- Sell one or two March Puts around 825, early in the a.m., if at all possible. Buy back 3 Feb Puts. Don't worry about the near-term. We are going down.
- If you can't sell March Puts low, sell them high and immediately buy back Febs.
- You could sell the AZO, if necc.
- Set Limit orders for tomorrow, bef. you go to bed.
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