STOP TRADING NOW!!!

Looks like we are going to have to wait a bit more time for the new Bull Market which was supposed to start on Friday. Everything has turned ugly with the market internals 2,600 to the red. The only winning sector I see are the hated SEMI's with INTC higher by 1%.
The unfortunate part of this ugly selloff is that the Volatility Sisters have all remained in the red. That is an ugly bearish sign. GOOG is down by 7 points and GS is down almost 3. AAPL also flipped ugly red now lower by 2.5 points. No matter how one slices it, this is an ugly session for the bulls. Hopefully, it will not be long before we get a short term signal and buy lower. I am hanging on to my Long QQQQ Short SPY trade for the meantime.

The jewel from the clown today is "GOOG is now a commodity and there is no need to buy". He likes wireless and is not bullish on INTC and the PC stocks. My favorite quote from him now is "wait to buy until we are oversold." What happened to the Bull Market that started on Friday? Oh well.