Caution! Word of the day!

Hey folks sorry I missed you yesterday. Everything is fine, I just didn't have a lot of plays yesterday and frankly I was a little hung over from a pool party on Sunday. So I just thought it was best to error on the side of caution and sit yesterday out on the sidelines. I did not take one day trade and I scaled out a few swings booking profit.
Caution is definitely in order as we now have pierced the 50 moving averages in tne SP500 and the Russell 2000 and things could continue to get ugly for a little while. There will still be trades but I suggest you use smaller position sizes and be quick taking profits. I will say, we are getting near oversold so we could get some bounce plays but I think the overall trend will continue lower.

Morning movers and other stocks that caught my eye
$NVAX Seeking Alpha article daily looks hot, $FRO active premarket, $ZIXI pr,  $PDII pr very thin name,$RMTI continuation, $KTOS pr, $ANGO pr over sold on daily could be a quick bounce play , $ASTX nice action yesterday holding up well. $YONG holding up well, $OPK been strong in this weak tape 

Seeking Alpha

Today's Markets:
In Asia, Japan -2.6% to 13396. Hong Kong -2.2% to 21970. China -0.6%to 2073. India -0.3% to 18246.
In Europe, at midday, London -0.7%. Paris -1.5%. Frankfurt -1.1%.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude -0.4%to $106.63. Gold flat at $1365.10.

Today's economic calendar:
7:45 ICSC Retail Store Sales
8:30 Chicago Fed Midwest Manufacturing Index
8:55 Redbook Chain Store Sales

Notable earnings before today's open: BBY, BKS, DAKT, DKS, GLOG,HD, JCP, MDT, TJX, TSL

Notable earnings after today's close: ADI, GSM, INTU, LZB, VELT,VNET

Good luck trading today !!