Think about how much an account needs to gain after a loss. It's easier to protect your capital than to make it back.

Loss% Gain%
1%  1.01%
3%  3.09%
5%  5.26%
7%  7.53%
8%  8.70%


10%  11.12%
15%  17.65%
...
25% 33%
33% 50%
50% 100%
75% 300%
..

I’m still all cash although I traded some things last week and caught a few rallies, before they fizzled. Nothing though to write home about. Capital preservation is job #one right now.

                                                   30 min. view

30 min. view of SP-500

Tomorrow we'll put today's reversal to the test, we'll ether extend the reversal and get a price follow-through or we'll go back to a range.

Daily view SP-500.

                             

Weekly view of SP-500.