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The market just flat out tanked today. It was on low volume, it was on news that seemed to be old.

I got hit with losses of around 4.6% in the RUT and 4% in the NDX. Ughhhh what a way to start off the week. I’ll tell you what though I’m still long, but am very close to potentially dropping it and going short. If that happens, I’d anticipate things could get ugly and ugly fast. I don’t want things to turn down here, and we do have the rest of the week to recover, but I’ll be jumping on the first short bus heading to redville if my “stuff” turns down.

CPSL did work today quite well actually up 10.4% today. CPSL tends to have a break out day followed by an even larger up day the next. So we’ll see what tomorrow brings. In the past I have taken gains on this breakout day, but I didn’t sell any portion of it today.

So right now I’m a little scared to see how this week ends…but for now I’m hanging onto being long.

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