The markets bounce. It’s a good 2-3% bounce off the lows yesterday (and 3-4% higher than the futures were trading this morning), but that’s still less than half yesterday’s collapse.
This is probably about as healthy an action as we could have expected after this wild volatility. I’d like to see the markets try to stabilize here for a few days, maybe building a base around the 11,000 level.
I’ve not done any trades today and I probably won’t today as the markets bounce like this. We bought some lower yesterday and that’s good enough for now.
I am also moving some more money into the account so that if we really get another sell off from these levels that I will have plenty of more firepower to get extremely aggressive.