R.C. Market Report 11.5

• Market Trend: Neutral

• Market sold off hard today right from the beginning. Financials were down and Oil was down as people took profit all across the board. While today's action was great for shorts, I think we've done too much selling for one day. A side trending pause day wouldn't be surprising tomorrow. However, I still wouldn't look to add any longs tomorrow. Further selling may be necessary. Several economic numbers will be released tomorrow and friday morning. I can't imagine those numbers to come out positive. Short term downleg has started. Let's see how low it goes.