I can’t really pinpoint the crappy action in the US Market.
I am no bull, but the stars seemed to align for a technical rally based on the indicators I follow. Not so though. I don’t short dull markets, but as each day goes by without a good rally off the lows, the liklihood for further weakness increases (in my opinion).
China and India rallied well off the lows but that is not enough.
I will spend some time tonight scanning for the worst looking charts as some Puts may be in order from the road here in Toronto.