The evidence is building that the support on many indexes and stocks is about to breakdown.
- I just shorted PNC. Might be prudent to wait for the confirmation but $40 has been breached intraday and I wanted more short exposure.
- Stopped out of KOL, PEGA and NPK (all longs).
- Closed junk long position in LUV. Airline stocks look like good shorts. Perhaps this is the next big group in trouble.