POSITIONS: none (SPY or Sector ETFs)
Maybe I’ll come back and say buyem! at 1430 again. We’ll see what the process instructs. I wake up, every day, embracing uncertainty.
For now, across our risk management durations, here are the lines that matter to me most:
- SELL TRADE = 1449 (getting lower-highs of resistance)
- BUY TRADE = 1430
- BUY TREND = 1419
In other words, my intermediate-term risk range is tight (1) and we have not yet tested the low-end of that range. If #EarningsSlowing becomes the market’s main concern in the coming weeks, we should test 1.
What should happen isn’t what will happen. We’ll see. For now, I say Sellem!
Keith R. McCullough
Chief Executive Officer