Options Expiration

According to my traders almanac the DOW has been up the last 7 out of 8 years in April on options expiration day. The lone losing session was in 2001 so we may see a bounce in the market tomorrow. As an investor or a trader you might want to consider going to cash if you are long. I would also consider shorting the market if we get a rally on Friday. When your leading stocks like AAPL start to fall this might be a sign we are heading into a bear market or sideways action. If you look at a chart on the Dow you will see we broke support at the 200 dma which is not a good sign for the longs. I don't trust Friday rallies in a bearish trend. My best guess says we are headed lower.


DOW CHART