The financials are dead and going lower and the commodity sector continues to be under pressure. Today I was in the steel and coal patch on the short side. The names I played were STLD and BTU short, I posted the coal and steel etf as well to give you an idea of the action. Many names are due for bounces but I don’t want to be Christopher Columbus so I am staying cautious and short.In my post the other day, I said I need the financials and the market to hit or break the July lows for me to get bullish on the market. In the meantime I’ll just keep trading.
