Morning folks futures up flat so far...Not much going on so far this morning. Traders are in wait and see mode.
Nasty day yesterday I was pretty much completely wrong about the market. I figured any morning dip would get bought. Um no….we had a consistent trend day where market made new lows pretty much every hour in the after noon stair stepping its way down. There was no real leadership and banks got taken to the shitter. I'm using spx 1300 as my nearest support before i get too scared. Right now we have seen dips before and thought about shorting and then bam your face gets blown off. Right now shorting at the tail-end of a big dump is a bit dangerous. If we get a low volume bounce today then Ill look to see if there is shorting potential but I'm not there yet.
Stocks I'm watching…
also got mbfi, rwt, bgcp, srz for shorts
