Another round of heavy, institutional grade selling accompanied the Nasdaq and S&P 500 to new lows Tuesday.
Our current Sell Bias has kept us on the watch for such events, as it becomes even more clear Bears are in the drivers seat.
With the Dow and Russell 2000 just shots away from joining the new yearly low club, it’s likely a matter of time until we see the majority of the market head along this path.
Friday’s employment data release holds potential for a strong market reaction, as usual.
We want to watch short positions in TEX, CUZ, SPN and CHS closely so as to not let any profits turn to losses.
More individual names will be discussed in our weekly report for paid subscribers.