Market Notes

The DOW is up 311 points because Wal-Mart projects improved earnings. HUH? Don't believe it. This thing is begging sell me. An aggressive play is to short the diamonds DIA and\or the spiders SPY right now. Notice how the SPY is approaching the 200 dma and rests just beneath it @ 147.69. What I will look for tomorrow is a touch of the 200 dma and either a break above or failure to do so right there. If the latter I will short it right there.