Last week, I talked about a bearish wedge, noting it was "ominous."  It subsequently broke -- and hard -- indicating the market could get much uglier.  Of course, it is oversold right now, and given that I do expect yet another bounce.  But, I just can't see Friday marking any kind of low.  So, the smart play would be to avoid the long side right now and look for some short setups in the near future.

As for last week, a mixed bag (which give the market selloff, wasn't so bad). Winners were SSS, SOHU and VLTR.  ACXM, ASH, PLT and MCO didn't fare quite as well.