At the end of the day today we tweeted on stocktwits (we rarely tweet our entries outside of our trading room) at 3:44pm that we got 100 SPY Mar 14 187 calls at 59 cents each based on hourly TRIN readings, then at 4:07PM we noticed that the TRIN reading on a daily time frame had not yet reached our rebound target so we alerted everyone again to take gains at 66 cents (a $700 gain in  22 minutes),

 

The TRIN indicator is an inverse indicator, meaning it goes down in value whenever the market rises (like the VxX).  you can see that for this particular trading day, JMarch 13, 2013, the market had been selling off. The TRIN indicators are, therefore, over 1.0, indicating a “short-bias” market.

 

We alert the folks in our group in real time when we make a buy or sell including what our target is and what our stop is including holding time