Be Vigilant

Today we've opined on our sister blog that we expect the recent correction could well deepen into September before being rescued by earnings season.

We could be wrong.

As such it behooves traders to be ready to capitalize on long opportunities should the coming bounce in the markets be more robust than we expect.

We have discussed a number of long possibilities of late. The ones we think are currently the most compelling are GOLD and GMCR.