Well, here we are guys, limit down again in the futures market. The Fed is at 0% in a HISTORIC move and we are going into QE4. I think it’s better now that later to be honest because I think things are about to get REAL out there. I anticipate some insanity tomorrow even further than we we had last week. I hope I am wrong and we just go 7% and bounce but it is very possible we have another Black Monday style move.

Yet AGAIN, it might be best to just be in cash and observe what is bound to be one of the craziest trading days in history. Do not be a hero tomorrow and stay nimble. I would not suggest taking anything overnight unless there is a capped risk on it (IE long call/put options vs. Stocks)

This has got to be one of the most intense and insane situations many will EVER go through. I know that I will never forget this month and it will be seared into my brain as to what can happen when markets get complacent for over a decade.

These are the names I am watching however (IF we get to trade that is)

JPM – Will probably gap in the high $80s tomorrow. Rates are at 0% and now these banks are all at risk of some monster down moves. If higher than $90 open will look to fade all pops on the short side.

MGM – Closed over the weekend. This may gap lower than you can imagine. Thinking $9 washout maybe even $8 washout.

WYNN –

SBUX – Possible $60 test tomorrow depending on how bad market gets in the am. A name that if it get sub $55 might add a little for long term never look play. For day trade $54s possible.

DAL –

RCL – Could see another destruction day here but I think the cruise lines will be first place to look for potential bottom as the are pretty much on full stop at the moment. Will look for any monster washout with double bottom.

ONEM – Had a nice pop with TDOC will look for possible long if it can get over $22 if performing well in down day tomorrow.