We saw another gap down this morning, with dip-buyers giving it a try for a red-to-green reversal as we speak.
Small caps are outperforming again, albeit still in the red. And Netflix is getting just as decimated as it was last night.
I am still sitting in just about all cash, with no equity longs or shorts. If bulls lose they grip on the bounce today I may make a move with a cowboy short or two, pressing for a crash.
Otherwise, we have a sloppy bounce attempt on our hands where cash and patience are kings.
Stay cool and don’t let this market put you on tilt.Comments »