Blah, blah, another selloff. Everything except Treasuries, High Grade Corporates, Natural Gas, a couple of grains, a couple of softs, and some commodities with faces – was DOWN. Pretty good magnitude, too, about 3% give or take in the stock markets. But there’s not really showing anything resembling panic in the options side of the ledger, so there will be no Timing trigger from today’s action. I read some rumors that there were some funny clips on options in Europe, but I have nothing substantiated to share with y’all. Currently the lower-than-expected ISM readings are being blamed for the selloff.

My intuition is that the markets have already found a bottom, for the intermediate term or longer, a while back – as I mentioned a couple of weeks ago, and reiterated since. But I’m just gonna trade my plan, whether that turns out to have been the bottom, or not.

Man, it must really suck if you are trying to navigate these markets without a trading plan! Right? Yeah … I guess the bright spot is that there’s so much public information available with which one could formulate a trading plan. I mean, you could even use a research paper and a bunch of other free and/or inexpensive resources as your guide! Hell, you don’t even need a complicated plan, a simple asset allocation, with or without a trend overlay, has got to work better than selling into the downdraft, or panicking.