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Today’s failure to breakout through the “shark line” (SP500 867) to our immediate term target of SP500 916 is what it is for now – wrong. We try our best to call markets and how they interact, daily. This is not an excuse. This is what it is – we won’t be right 100% of the time, but we will miss 100% of the shots that we don’t take (Gretzky).

As I am writing this note, the SP500 is testing its lows of the day at 859. From that line, the balance of risk/reward is very straightforward, playing to the bullish side’s favor. Downside is -2% from here; upside is +6.5%.

BUY “Trade” = 841.11
SELL “Trade” = 915.68

“Heli-Ben” will be dropping moneys from the heavens in t-minus 24 hours. That will be bullish, on balance, for stocks.
KM