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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.

There’s a possibility that we may be nearing the end of a segment. More likely, however, is the markets have merely reached overbought territory and are now pulling back slightly ahead of a second leg higher. Time-wise, we’re only 8-days into the first segment which should go for 12ish sessions.

We got a lot going on today. The QQQ has made new highs above the previous peak at $527. The SPY is now at fresh ALL-TIME highs. Nvidia pushes overbought on the hourly and might soon see another large pull-back.