Market update

Okay, as I've said I am on vacation for this week, so I am only going to make some comments for the markets.

As I see it now, we hit some support trendline on friday, which holded the key level and bounced from support. On monday we saw a very nice big rally from these levels and the upside target could be 1133-1150 on SPX. Dow jones seems very near topped, so I am going to be prepared to load up a lot shorts if SPX runs in 1133-1150 area.

Always good to start adding few shorts on the way up and then add a lot when we get a clear signal.

We could be in some kind of topping process at the moment.

Have a nice day , going off to the beach !