The S&P Futures traded below 3,200 briefly overnight, down from a high of 3,284.50 early Thursday. The VIX spiked from about $23.60 to $28.35, and is still above $27.

Disney announced they have delayed some of their major movie releases coming up.

The company is now planning a 2022 launch for the "Avatar" sequel, and a year after that will be the debut of the new "Star Wars" film. Action drama "Mulan" will be delayed indefinitely from the original plan of Aug. 21. "New Mutants" from the X-Men franchise will be in theaters on Aug. 28 as planned but will still depend on if movie theaters reopen next month, according to CNBC.

Disney is trading lower today. We will look to add another half to our long term position if approaches about the $110 area, which is right near the 382 retracement of its recent run up.

Gold just traded to $1900. Crude has held up well, especially considering the surprise build was reported for inventories this week.

Uber and CGC are right near levels that look attractive for the long term. I'm looking at the 382 retracement level in Uber and I'm looking at the 50% retracement level in CGC for possible entries. We will probably let things play out today, and see how the weekend goes, with the market showing some signs of fear yesterday and last night.

Uber looks to have some support at its 382 level, which is at about $29.16. Uber is trading at $31.54 pre-market.

CGC looks to have support at its 50% retracement level, which is at about $15.57. CGC is trading at $16.41 pre-market.

Current long-term portfolio:
Long 1/2 position in DIS at $118.63. Stop is $98.45.