Tuesday Morning

Oil tagging $138 and futures are getting thumped a bit. It should be choppy today as investors try to set their footing for the Fed. We are very oversold but there is nothing odd about staying oversold or getting more oversold. If Ben can spin things tomorrow, I honestly don’t know how he can, the market will bounce, if not we will probably test January lows by Friday imo.

Watching steel and oil long and financials short again. I won’t be that aggressive today.