Market Update May 11th

Good Morning,

Yesterday we say some selling in the major indices and a bit of a move in the VIX, and this morning it looks like we are getting some follow through in both of those. Right now the best course of action is to sit back and wait and watch to see how the market digests this gap down in the indices and strong move up in the VIX. If we find a base this morning, I will look to the weekly watch lists for trade ideas, but most likely today is a day to let things just settle in and look for quicker day trade opportunities.

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