I wanted to share my view of the markets with you based on the trading I have done these past days. I went long on Mednesday on ADSK, CYTX, DELL and HOLX. Wednesday I finished up in all 4 stocks. Thursday was a wonderful day with all four going up. However, Friday was a very different story. All of them went down and ADSK even touched the stop.

I decided to exit the remaining of the positions with very modest gains. However, trying to go up and go down in such a heavy way doesn’t look good at all. In addition, the euro had all the technicals to rally (you even mentioned this in a spiketrade comment) but finished braking the 1.20 support, which is a major one.

My humble opinion is we are going to see big losses next week.