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    MARKET EDGES

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Takeaway: For now, I say Sellem!

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:

  1. SELL TRADE = 1449 (getting lower-highs of resistance)
  2. BUY TRADE = 1430
  3. 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!

KM

Keith R. McCullough
Chief Executive Officer

Sellem! SP500 Levels, Refreshed - SPX