Yesterday we saw two of the worst sectors leading the market, Consumer Discretionary and Real Estate? The two worst were Materials and Transports. Another bearish setup is happening in Oil and more specifically the Energy names (XLE). If this sectors rolls-over (along with the transports) then look out below.
My index related shorts is actually the QQQQ. I personally feel there is more reward to the downside in the Naz, simply based on past coorelations. A straight up Short QQQQ / Long SPY is worth further investigation.
