Peter's Update for March 9th

Good Morning,

We are looking at a very nasty gap down this morning, and the futures have actually had multiple circuit breaker halts on the way down overnight. There is nothing more important right now than protecting your capital. As we say right on the main page of our website, we believe that cash is a position and that is very true this morning. There will be no watch list for today as it is a time to really let the market settle before looking for new trades. There may be some scalp and quicker day trade opportunities today, but trying to do anything more than that until the VIX settles is simply very risky. Better opportunities will be coming soon. Lets keep our cash available for those opportunities.

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