XLF is close to support level. FED's announcement today may put a bottom in financials



Techs don't look good. But QQQ is close to support level also. However, Stock like AAPL/IBM, etc. looks very bad at this point.



EUO should continue to move up, so bearish on commodity related shares



In general, market bias is still down but seeing some hope. We may see bottoming process in financial stocks. GS/JPM looks trying to find a footing and have some rebound from this level. (if buying this support in finance, remember to sell into strength some time later).

US$ is strong today. Oil/Gold/Silver all move down today. There is more upside for $, so bearish on most commodity related shares. But yesterday's AG report should support AG shares. Probably go down the least if market continues to fall next week. But oil and PM seems to go lower next week.

Since market lost 5%+ in first 10 days of June, at this level, shorting does involve higher risk, however, stock like AAPL could fall of bed to $300.

Hold most cash to wait for a wash. I think we are pretty close to see that. Then buying opportunities show up (we probably already seeing that in financials today)