Distribution count on the S&P 500 has risen to 8 days. Additionally the index is meeting resistance at the 50 day moving average. Futures are positive this morning but only slightly. We are one bad trading day away from defending cash.
Still at 100% but watching closely today.
Update at noon ET:
Buyers are making their presence felt so far. Markets up around 0.5%
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.