based on the VIX, i expect a 500 point drop on the dow. who knows,we could rebound any day but i don't think so. i think earnings guidence will be poor.
The downmove "discounts" the expected negative earnings guidance, unless any companies want to talk-up their shares with positive guidance instead. Sunday evening should trade lower before short-covering begins. We'll see.
anyone holding a short on the indices for the weekend based on the relationship between down days on friday tending to follow through mondays? Tough to short naz at these levels since they look so oversold. maybe levering up on the dow is a better play
I might flip flop a short. market seem very oversold http://stockcharts.com/h-sc/ui?s=$TRIN&p=D&yr=1&mn=0&dy=0&id=0 this has lead to reversals in the past year almost everytime trin is at feb 27 levels, higher than the august pre-discount cut panic