The 10:00am melt-down was a sight to see. Exactly at 10:00am, BOOM! Down it went!
With shell explosion everywhere, you have to retreat!
Sold all of the following for some gain, breakeven, and small losses:
DDD DNN MCP SSYS SYNA URRE USEG USU
Still holding AMRN plus my 25% long-term holdings
Current cash position = 70%
Will sit back and watch instead of trading to see where the market goes. It is definitely too early to initiate any short position since this morning mini-meltdown is not enough to call into question the weekly bullish bar yet.
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