(10-30-12) The markets will have been closed for two days because of Hurricane Sandy -- Monday, October 29, as well as Tuesday, October 30, 2012, and reopening on Halloween. This is the first time that markets have been shut down for two consecutive sessions because of weather since 1888, when a New York blizzard caused a major disruption.
So we're sitting waiting for a rally that we can short into, but the only way the markets are going to rally would be if it was the Second Coming or if Jim Cramer grew hair...
Our markets are still trading electronically as if it were a holiday session. In other words, there is no floor pit trading, only electronic session trading. So since the markets are closed on Tuesday, they're treating it like it was a holiday.
This storm called Hurricane Sandy is causing markets to be closed in the United States, but it is also sending ripples throughout the entire planet's financial system. This is a good example of what to look for in the future -- that any events which cause markets to close or cause disruption in electronic transfers, the markets react very defensively to them.