Volume jumped as selling continues into November. Heavy volume selling was the story of the day and by early afternoon it looked like we were going into free-fall. Small cap stocks were once again the biggest loser. We are now in a spot where an oversold bounce is likely at any point. For the 6^th straight day the market has sold off and even though losses aren’t huge it is noticeable. The inability to sustain any positive momentum is something else. The Federal Reserve will conclude its latest meeting on Wednesday and we’ll find out what the central bank will do with monetary policy. For now, we are still in a precarious position with this market. We are in a downtrend and we will continue to operate as such.

More to come after tomorrow’s market. We hope you enjoy the fireworks the market will put on tomorrow. Once the dust settles we’ll have a better idea of what we are dealing with.

Stay the course and cut those losses short.