Full metal panic

The oil and metals sector are dominating all short scans. Lot of it looks like panic selling of positions by those caught on the wrong side. The exits are jammed. Those looking for shorts in these sectors now, may be too late. You had to be positioned for it much earlier. Only the day traders and extremely nimble will find short opportunities. In fact these sectors should stabilise soon. Most move like these on the short side are of shorter duration and emerge suddenly.

While the metal panic plays itself out, there is selective buying in technology, retail and consumer sector. However it is a tricky market as the panic move on commodities has to end before the market stabilises and new themes emerge.