Last week, significant damage was done to the technicals of approximately 1150 stocks (about 1/3rd of all the stocks I cover at HEDGEfolios.)

For the last month or so, I have had minimal difficulty going through all the charts.   That changed.  This weekend has been one of the most challenging I can ever remember and rivals a few weeks during 2008.

Since mid-October, I have been bullish on the short term.  Now I am very cautious.   Unless the bulls show up in convincing fashion in the next few days (if not hours!), this could get ugly.

PLEASE PAY VERY CLOSE ATTENTION TO YOUR PORTFOLIOS.