The bears are in full control of the market so far today. There is no mistaking that.
But the internals don’t appear to be painting as bad of a picture at the moment.
I’m sitting on a few possible short setups that I could take today, but I’m not quite ready to pull the trigger. I took profits, minor ones in Facebook (FB) that I held overnight for about 1.3%. Not a lot, but keeping it from turning into a losing trade and if need be, I can get right back into the trade.
Below I have all my short setups listed, and the ones that I will consider jumping into if things really get rough in this market again.
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