11:00 AM
Today's market is worth to be recorded. Yesterday, the indices (NDX) broke the downtrend line. At one time, around 1:30 pm, the DOW was down -200 pts. But in the last 1.5 hours trade, the market moved up and closed flat. So yesterday was a turnaround day. But all the indicators point no bottom yet.
This morning, the market got some "good" news, that the ISM service reading was better than expected (but still in contraction mode). One of the largest bond insurer is getting help and about to settle soon. So I guess that market is waiting for this news and heading higher.
My play is to add short positions on the news. Let it play out first. The timing might be either tomorrow morning, or on Friday.
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