The market is reaching extreme levels, which gives me a long side bias. However, I won’t take any full size positions until I see more weakness. We still have not reached the extremes of the July lows, and indicators like T2108 still need to drop a bit.
I also like the commodity sector. It held up well today, and could be carving out a bottom prior to the overall market.
I was stopped out of ARO and LOW for small losses today.