Stocks may have opened the week 1% lower, but it is a vast improvement from last Monday's market crash.
In the grand scheme of things a 1% decline to start the week beats the chaotic carnage of last weeks open. So we've got that going for us.... which is nice.
I remain cautious here as we've seen prices gyrate wildy for nearly 5 sessions. The VIX remains at tremendously elevated levels. This could all change, and I am sure it will, but there is no sense getting aggressive before we get a break one way or the other.
I do however think there is more room left for this rally, be it just a relief rally, or something more substantial.