Big follow through on the down move. With that in mind, we’re still in the range so taking long or short positions is off the table. We could easily bounce tomorrow and end up for the day.
Impressive downward thrust on the daily indicator with 622 stocks down 4% or greater.
The slow sto on our NYSE Bullish Percent is heading back down. I’ve highlighted the areas where I like to apply my margin power. With some follow through on this down move we could possibly have another decent setup to pile back into the market. Let’s take it one day at a time...
The Plan for Tomorrow
Watch and wait.
Current Status: Trading Account: Cash; Retirement: Cash