Good morning traders. Yesterday we saw a lot of damage done to stocks as the market accelerated its move to the downside. In the short term I would not be surprised if we see a retracement in the market to the 119.80 area in the SPY. As I tweeted yesterday, I have been using FCX, GLD and SLV as my main market tells. I wouldn’t be surprised to see some sort of bounce in these names today as long as they are able to hold afternoon support levels during the morning.

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SPY

119.80

117.60

116.69