Markets are having much resiliance so far but the bears won't let go this easy. Cramer had a piece out this weekend that most Hedge funds are very underinvested at this time and would certainly gun for a correction to load up on equities.
I am still firm on expecting a 200pt drop in the DOW very soon.
So I'm watching the 793 level on the S&P to take profits.
In the meantime, financials are strong but many have hit some hard resistance such as WFC at $15.
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