Sam Weiss

Yesterday’s sell-off pushed all of tech into deeply oversold territory. We should see a major rebound begin as early as today. This morning likely marked near-term lows ahead of a strong bounce toward yesterday’s gap-line (highs).

Big market gap-down to open up some good trading opportunities near-term. For our long-term portfolio we need to see correction territory to get excited.

Markets continuing their pull-back off of overbought conditions. There are some gaps to fill and a fair degree of risk that the selling continues toward those gap lines.