Oil and energy stocks are overdue for a short squeeze.
That leaves market timing for long-term positions and day trading for the fast-fingered crowd.
For things to improve, the major indices need to end their strings of lower highs and lower lows.
That should keep the short sellers on the defensive and encourage a recovery in coming days.
Play a defensive game while we wait for sanity to return to the tape.
So don't get too aggressive just yet.
Buyers could be lured in next week.
A weaker-than-expected jobs report will likely trigger a sizable recovery.
The market isn't rewarding lazy behavior.