Not much has changed since last night, in fact barely anything in the way of the major market averages (US),
However in the meantime as I said yesterday and last night, II wouldn't be surprised if the IWM/R2K got its chance to bounce a little today which would be graciously appreciated as I'd like to add to the position as it did virtually nothing last week.
The $USD weakness overnight may have contributed to an overnight bounce in gold off this week's lows.
I mentioned the charts of USO/Oil shaping up yesterday and despite some overnight downside, the short term chart looks pretty positive this morning for a bounce, but I'll cover USO in more detail during the cash market, for now Oil futures...
Gold will also be on the watch list as this is getting interesting and I want to make sure we are not on the wrong side of events.
As I mentioned last night, I'll be looking at a lot more potential trades today including some members of what's being called the 4 horseman of Tech by Cramer. It would sure be a shame if her was herding people in to stocks he knew were going to come down. And why would he do that? I can't say that he would, but as Goldman Alumni, who knows what these people will do to do a favor for the world's most... interesting investment bank.
The rest of the world has been rather mellow as well with the Shanghai Comp up +.64, the Nikkei +.93, most of Europe in the red to some degree right now and the US virtually flat.
I'm sure things will get a bit more exciting in about 15 minutes.
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