The TradingEdge

[jxyzobrien]

OEX DISTRIBUTION CONTINUES

Markets dont top quickly or easily. The last 3 distribution
weeks into expiration are all similar. This one is
quicker and as truck pointed out the financials are weaker
so they will be shortable when this up cycle finishes early next week. We went up thru the entire week last 2 times.
This time is weaker.

SEPT EXP
10 days up , 5 dist days
OCT EXP
10 days up, 6 dist days
NOV EXP
7 days up, now in day 3, so top probably spx 1109 or again
at 1105.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p73416846318&a=177639428