The bears just continue to pile it on, looking at an almost 2% loss just to start the day for the S&P, and threatening the 1100 level as well. As a result, I am going to hold off on issuing a daily long/short play, for today only, due to the extreme gap down the market is experiencing. You will definitely want to show some caution today, especially if you plan on adding new positions to your portfolio whether it be long or short.
