Panic Has Arrived

I was going to chart a few trades I made on Friday morning, but just looked at the futures for tomorrow to see that world markets were destroyed overnight. Nasdaq Futures are -76, S & P 500 -59. That’s some definite ugliness.

I’m flat. If I was long any securities, I’d use my plan for selling those unexpected drops. Sell half under the first 5-min low, and sell the other half under the 30-minute low if those levels are breached.

This is a hit and run market for me.