Nothing But Trouble

That was an ugly trading day and that's about as nice as I can put it. The major market averages finally reflected something I've seen within my watchlists for several days now - nothing but trouble.

Given the enormous amount of profits some have in this market, we're likely to see more "sell first, ask questions" kinds of trades which are actually pretty good (unless you're trapped in a losing position). Opportunities can come from those kinds of situations so long as the market doesn’t roll over and play dead. We’ll know soon enough if that is going to be the situation now.