MLK Weekend

It is going to be a long weekend, but Europe and Asia will still be quite active on Monday despite the US market being closed. Today's trade did surprise me a bit, despite the rally in the final hour of trade.  I expected this market to be more responsive to the initial weakness.  But selling on Tuesday and Wednesday has softened the underbelly of the bulls.  This market is becoming vulnerable.  I closed out my long position at the close.  I actually think there's a good chance that we'll gap down on Tuesday.  And the SPY weakness in afterhours, selling off about 0.15 after the futures close is signaling that there is a real possibility of a post-options expiration hangover.