Yesterday's broad market rally was impressive but in the wake of a two-week selloff, it was far from unexpected. This bounce in the market should help to produce trading opportunities on the short side of the market.
The stock market indices had a very, very strong session capped by a wonderful, last-minute snapback that brought the indices way back from an afternoon sell-off.
Deron Wagner would not be surprised to see further selling on Monday, but he is waiting for a bounce in the broad market before he considers taking on potential short setups.
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