THE OPEN

Yesterday was gross. Today’s open gross.

Before today, growth was bearish and half the market wasn’t happening. The other half now under pressure.

Near term oversold but we must tell you, lots of charts potentially turning down.

Keep in mind, for a good amount of time, every time markets looked to be in trouble, they have bounced back up but again, with internals not even close to the major indices.

Stay tuned. Bumpy ride at hand.