Yesterday's distribution (selling on higher volume denoting big investors moving out) coupled with Amazon's gigantic miss in its expected earnings per share pushes us to reduce exposure to 50% today.
Futures show an upward move at the open which means we'll sell into the early buying. 50% cash and 50% ETF exposure by 10 am ET.
Update: Markets were up today until the news, released just before 1pm ET, that the FBI is reopening the investigation into the e-communication of the Democratic Party candidate for POTUS.
Political futures sites showed a 9 cent gain for the Republican candidate and a 5 cent drop for the D.
Update 2: Markets closed down but off the lows hit right after the bombshell news hit the wire. By "wire" I mean congressional twitter account.
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