Cash remains king. This market is struggling to find any support and while we are prone for a bounce to work off some oversold readings, unless we start reacting positively again to crummy economic news, we should see lower prices from here.
You know the market is bad when you can find 10 bearish technical setups for ever one bullish setup. Regular readers beware, until this market turns around these nightly charts will be pretty disheartening. Note though the leaders are being monitored and when the market does turn we will be ready to capitalize.
Stay frosty out there.
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