9:42am EST
Looks like the financial markets aren't bullish on this inauguration day, no surprise there, COMPQ down -.7% on the open so far.

Personally I'm looking to add to longer-term position trades on the current market weakness, eg casino/oil stocks (OIL, DXO, MGM, LVS) on first signs of bounces/long action returning. Things are starting to get down near November lows, and while there's likely some short-term selling that will continue, for position trades I'm very comfortable about entries here, eg if one can buy now, hold into the spring/summer (and/or early market rallies that occur during Feb/March).

For November lows, use 60 day charts, as that occured back Nov 20th, the absolute lowest of the market year, which will likely find some support returning as stocks/markets approach those levels.

10:03am EST:
Markets selling down sharply, Nasdaq Composite -2.55% here during the first half hour.

5:03pm EST:
Markets continued selling sharply all day, ending deeply in the red. It's times like this that I look for potential pivots within the next several trading sessions, to the upside. Typically we've had 5-6 day trends that reverse in the broad markets, this time the inauguration was a (negative) market-moving event, so we'll see what pattern if any emerges later this week.

Remember, when things feel red and markets are sold off sharply, though we may see a couple more sessions in the red, I'd anticipate a relief/short covering rally to the upside long sometime in the next 5-6 sessions. I was right about last week's Thur/Fri upside moves following the down markets, we'll see if buyers return this week for buying up what looks to be oversold stocks. I'm still long-term bullish and in oil/casino stocks (OIL/DXO/MGM/LVS), should be interesting to see if we get upside moves coming up during the next week or so. Not trading right now since all capital's tied up in currently-red swing positions, holding for when buyers return myself. If I had additional capital in the accounts I've been actively trading, I'd certainly be adding modestly to positions here for upside longer-term position longs. I don't use margin, all is in cash accounts.

NASDAQ composite lost -88 points today, the DOW lost -332! Very red day, no surprise given the current political events.

-Ken