Another 3:30 futures led sell-off ruined what looked like a fairly constructive trading session. Now you must be wondering what upcoming effort by the government will be deployed next, only to get stomped to death by mother market?

If you are afforded the luxury of daytrading, why are you not focusing on that? All you have to do is pick a direction set a tight stop and watch the market move 2 or 3 percent in only a few minutes. If you've never traded futures before, that is the equivalent of a new car, a loss of 20 pounds, and a year removed from your life time on every trade. Do it!

If you decide to swing trade this market, I'd short REITS after another days rally, medical device makers, deep discount retailers, and a few other odds and ends. It's a stock pickers market, so don't discount taking easy to manage entry/exit points. Pair all shorts with a long, and try to ride out the volatility.

Finally, as I rejoice over the lifting of the short selling ban, I will celebrate by shorting a bank.

That's all I got tonight. I am spent.

OA