A diary of the thought process behind my investment decisions
Good Morning. Yesterday, a large drop in Europe on earnings misses led to selling here. Today, Europe is stabilizing as are our futures. I expect the market to bounce in the next few days based on positive seasonality, the oversold condition and the heavy put buying in the past few days. However, the action of the past few weeks points to underlying weakness and the market will likely resume the downside once the oversold condition is cleared.