CRM: Short @ 68.41

Aug60 puts @ 1.55

Just take a look at [[EBAY]], [[GOOG]], how about that [[YHOO]], let’s not even talk about [[MSFT]].

Right now I like [[PCLN]] and [[CRM]] on the short side.

Hitting resistance:

Hitting 200 day:

in afterhours trading.

Note: Tomorrow looks grim: MER, MSFT, GOOG, COF all bleeding after hours.

You gotta love this action if you are a trader. We are seeing monster moves in everything from banks to oil, everything is flying.

Today my theme was simple, oil was breaking down and I wanted to take advantage of it. So what did I do? I bought everything that has been beatin’ down because of oil. Airlines via [[HA]], Refiners via [[HOC]], the consumer via [[BWLD]].

Sometimes the easiest trades are in front of you, you just have to think through this tape.

Note: I made a terrible decision buying [[AAPL]] in front of the [[GOOG]] numbers. It could have been worst I could have bought GOOG.

See you guys tonight..

[[AAPL]]