Editor's Note

While I would not go wild, this could be a buying opportunity. If the markets can string together a couple of positive days, we could see a positive reversal in market sentiment. It has been so negative for so long that a true rebound could cause a lasting short squeeze. If you do not currently own the Dec $155 IWM calls, this may be your last chance. This would also be a good chance to enter or add to the VXX short.

 

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