Wednesday, August 9, 2017

Wednesday watch

Tuesday's high volume reversal late in the day was a troubling sign.

Earnings season is nearing its end so there will be little good news coming on that front for some time which heightens the effect geopolitics can have on markets.  "Fire and fury" isn't normally a signal to propel a rally in stocks.

Some weeks ago we signaled a lightening of exposure to QQQ and a rotation to more high dividend issues visit HDV.  We're continuing in that position and, for now, holding to a 100% stake.

Futures this morning are down.

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