Eyes open...

Read Robert Colby's analysis about the current market. The market looks a bit frightening right now. We are still at a crossroads, and my picks were singed, spooking me out of a couple, but there are some frightening divergences going on right now that look VERY bearish.

A move above about 11,250 would signal the resurgence of the bull. Any move downward will be decisive and rapid. Keep your eyes open.

A couple of short picks: UNP, MEE.

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