Bulls down 6.5 to 29.5, bears up 9.3 to 38.9. The current little correction has spooked a lot of small investors.

This sets up a potential up move in US markets. Today will probably be a holding pattern, but tommorow's job report could be a catalyst. What happens immediately after the jobs report is a coin-flip. Right now the market does not seem to know whether it wants a good report or not. A good report would indicate better econonmic growth, but also implies that the Fed might consider taking away the punch bowl.

I'll be watching for a knee-jerk reaction. If SPX gaps down and PMs gap up, I'm selling PMs & buying leveraged long ETFs (FAS, TNA, TQQQ) for a short-term trade. If that doesn't happen, never mind, lol.....