Play Editor's Note: I have not had a chance to read tonight's market wrap but I'll share my two cents. I think the pull back in stocks is not over yet. However, if you have a bullish bias we could see an entry point soon. Look for the DJIA to find support near 8650-8600. If the S&P 500 breaks down under 900 then look for support near 890-880. Wait for the bounce to begin before considering new bullish positions.
One possibility is that stocks trend lower tomorrow and then investors wait to see what Friday's jobs report will bring before placing any new money at work.