
Quote from smilingsynic:
I would be careful about shorting.
Gap down open on bad news is often bullish.
So far, I am not seeing the same kind of selling I saw yesterday. Then again, the day is young.
I have sold puts bought earlier on certain stocks and have gone long the XLF.
As for the ES, I am looking to go long on a successful retest, a la Taylor.
Good luck to all.
EDIT: As for the retest, I may well have missed it right after the open after it crossed 99. If so, so be it. There'll be others.