trevaughn.smith1
Short

SPY (S&P 500 Index), why I'm short selling for the next few days

AMEX:SPY   SPDR S&P 500 ETF
255 0 2
Aside from some my rationale noted on the chart, fundamentally earnings thus far have been unspectacular coupled with 'safe' stocks ie ( Coca Cola             ($ko)) being overvalued and the federal reserve tapering makes a continued sell off understandable. This is a stock pickers market once again with speculative plays and sectors outperforming the market. I'm not ready to call this an outright bear market, I just want to sell some options spreads and short some weak names to take advantage of this kind of environment.
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