4-1 Research

Important: Gap up days generally don't fill right away!!! As a matter of fact most gap up days follow up the following day by going up again!!

What to do with Mer:

As soon as Mer's price tomorrow exceeds today's high, sell puts.

Watch the vix carefully tomorrow.

Otherwise, hold them until the price reaches near yesterdy's close, then sell.

day trade HBs.

Remember research.

Watch out for 2 possible scenarios for financials - 1: follows xhb, 2: follows previous pattern.

Remember that the MAs will cross at some point. Especially after the gap has become the widest.

It might be time for the financials to cross.

Mer might be doing what it did in november. http://stockcharts.com/h-sc/ui?s=MER&p=D&yr=0&mn=7&dy=0&id=p36168354977
Or august/september:
http://stockcharts.com/h-sc/ui?s=MER&p=D&yr=0&mn=10&dy=0&id=p04615622781

Mer is still in the middle of the channel. That means upside is 50.
http://stockcharts.com/h-sc/ui?s=MER&p=D&yr=0&mn=7&dy=0&id=p36168354977

Look at this: Will tomorrow work out like november/december? or august september?

If you don't have an answer REAL FAST tomorrow, sell and get out.