Market is off to a nice start this morning - all indicators are pointing to a way oversold condition. Expect big gains over the next few days regardless of the overall trend. The 10,000 psychologically important level held again. With so much money on the sideline (and everyone very bearish), a rally could turn explosive and we can see large gains if the hedge funds start moving money back into equities.
Update: Opened a new position in Chipotle this morning (CMG). Trying to decide whether to do the same with ISRG. Also opened a new call position in LLTC - Sep 30 calls.
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