Let’s see if the market will test the downside again today. Volatility was up more sharply than I would have expected for the market action in the S&P 500, so it seems like there’s some fear building in the market.

— IWM has been relatively strong vs SPY and QQQ.  This could be an opportunity to short it as opposed to the other indices.

— Yesterday’s sell off in the financials wasn’t a panic. We could see more downside in JPM, C, GS, WFC, etc.

— June expiration is this week.  Look for chance to cover profitable June positions.