Big short trap being setup this morning.
Its the typical wall street trap that is run all the time during a bull market.
Have news sources in pre-market hype the miss of one company "Today's AA" while ignoring the huge beats and upward guidance of others "PVH,SVU,INFY, ELX, CRUS". Then have bloomberg say the futures are down because China is slowing growth by requiring banks to have more cash on hand. Actually the Chinese move is a good one, they learned from the USA mistake and taking steps to avoid the same fate well ahead of time. Notice many Chinese stocks that are not bank related are upticking in the pre-market.
CBEH, CTFO, CDII, PWRD, DEER, CSIQ, CMFO, YUII, ASIA, RINO, HRBN, SOHU, JST, JADE
Look for shorts to be suckered in at the gap down open and then forced to cover all day long.
This is a "Typical Bull Market type Trap of Shorts"