Aug 26th - Market Forecast - Short term bearish

• COM: Short term bearish - not expecting much down turn. Reason: many people still want to buy stocks.
• After listening news and seeing market action (we got good data like durable good/new home sales/Yesterday consumer confidence), market didn't go up much as if it is already baked in.
• Watching:
• LVS - I saw very good call action. On down days, the volume is less.
• AXP (owned puts) - I see more puts vs calls. But still in the last 3 days it is going up but in small volume. I'm sure If market goes down little, this guys gets hit
• PCLN (owned puts) - This one extended a lot like from $115 to 151 which is a lot in 30 days.
• STEC - this guy is moving a lot- big price actions with heavy volume. extended a lot. need to read more on this