Tuesday

It's true that the indexes retreated a great deal from the robust gap-up opening on Monday but as trading closed there were many positive signs.

Importantly the S&P500 cleared its 50 Day Moving Average and stayed there.  Also, there was substantial buying into the close -- a bullish sign.

The big open was due primarily to the events in Asia over the weekend and a seeming lessening of tension in trade negotiations between the USA and China, the world's two biggest economies.

Some voices were heard yesterday expressing the notion that now the Federal Reserve will not lower interest rates late this month.  The Fed has not expressed that view, however.

For now we have a brighter horizon on trade and an FOMC moving into a period of lowering interest rates.  Put the cash to work.