With the overnight futures in serious decline, -170 on the Dow and -19 on the S&P I do NOT want to enter any of the positions recommended in the weekend newsletter.
I welcome the sell off regardless of the reason and I believe it will eventually give us a much better entry point. However, we need to wait for that entry and not rush blindly into the opening dip.
We are well overdue for a 10% correction and I believe we won't get much more than that. That belief and $4 will get you a cup of strong coffee at Starbucks. It won't guarantee success in the market.
Let stay out of the market on Monday and I will send a new update on Monday night.