It looks like markets are making a short-term bottom. The Rate of Change of VIX is suggesting a bottom; the S&P 500 is at its short-term lower trend-line; my Money Trend indicator is bullish; and the Summary of 50 Indicators remains well to the bullish side.
I am adding a position in QLD. I may have to bail quickly if the trade goes the wrong way. Nvidia is due to report tomorrow and the market may react strongly. My guess is that the move will be up (based on indicators) but, we'll see.
