DIA – Dow Industrials ETF (Last:151.85)

In the chat room on Friday, I’d informally suggested shorting into whatever rally ended the week. However, with the Dow off 106 points at the close, this tactic would have been flouting DaScumballs’ tendency to reverse Friday’s polarity on Sunday nights   This they appear to be doing — on gaseous volume, as is nearly always the case — but we’ll have to wait until Monday morning before we can fade them using puts or calls. Any such opportunity will be unpredictable via a tout disseminated Sunday night, but when the markets open Monday morning, I’d suggest looking to get short at D targets of minor, uptrending abc patterns.  Night owls looking for additional options should check out my tout for the E-Mini S&Ps, since it takes into account the six-point rally that has already occurred.  The chart shows that bears will be shooting for a move down to at least 146.21 once the midpoint support at 149.55 is busted. _______ UPDATE (June 18, 2:25 a.m. EDT):  Three large, gratuitous swings yesterday left DIA the equivalent of 109 Dow points higher. Although the rally top evinced the same chicken-heartedness that I’ve described in today’s GOOG tout, we’ll defer to insanity and not try to intercept this vehicle aggressively.  ‘Camo’ shorts are okay at the ‘D’ targets of minor rallies, but it will be catch-as-catch-can.  Please feel free to query me about any possible opportunities you may have spotted if I’m in the chat room.