Stock markets are very oversold

Well, the stock markets have been sold hard for a few days. Technically they are at some extreme of being oversold short term and likely will bounce back quickly, probably strongly. I expect this can happen as early as tomorrow. For short term trading, buying the leverage ETF, SSO, for S&P 500 is the best bet for short term profits. This will especially good if you can buy SSO early tomorrow, if the market continues to decline a bit at opening. If you cannot trade during the day like me, entering an order for SSO overnight with a price a bit lower than $102.29 (the price at close today) may allow you to get some shares but it is pure luck, since you won't get your order filled if the market opens higher (a good likelihood).