Another arrow in your quiver can be to note stocks making new highs or lows, in this case AEM and RIMM. As the markets are showing the same pattern,  shorts have high probability to go lower.

AEM

RIMM

When you get into the flow like this, you can see how the trend keeping moving forward from the reversal I pointed out in my first post today. If you can stay in the trend , great, if you can take profits when the momo stalls and trade them the opposite way, even better. 

Has the tide turned in EEV? Big volume earlier led to an hour uptrend. Probability says try the same going down.

And when the markets look like this , you know what is happening to the ETF's

S&P and QQQQ

SKF up

EEV up

FAZ up

Other trading opportunities can be found be noting former strong movers. Last week ABX and AEM were in good uptrends last week. Now the downtrends are equally good.

ABX

AEM

Weak momo is back to the upside at the moment so prudent to take what the market offered up. I'll be ready to take another quick turn either up or down.

Sold SRS + $ .60 gain

Sold EEV + $ .50 gain

Sold FAZ + $1.55 gain

Cover BAC +$ .12 gain

Another example of a well telegraphed reversal signals. Time to sell the longs and cover the shorts and trade them the other way. Lets see how it develops...

S&P and QQQQ shows stalled and dropping

SRS turning up after consolidation

 EEV turning up after consolidation

FAZ turning up after consolidation

BAC stalled