Gapping Down

Alcoa is trading down in premarket as the first to report earnings disappointed.  This market was ready to pullback and it has done so.  Odds favor going long here on this gap down, and I am pulling the trigger and buying the gap down, expecting intraday strength.  We'll probably be going up for the next 2 days from this point.  Some gaps are being filled with this move and we should move higher as the earnings come in.  Expecting a retest of the highs of 1336 later this week.