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Strategies & Market Trends : General market lab and commentary
SPY 683.34+0.2%Nov 3 4:00 PM EST

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To: Robohogs who wrote (551)7/26/2016 8:43:43 PM
From: tuck  Read Replies (2) of 668
 
Both choppiness and volatility at extreme lows, S&P 3SDs over 50 day - and a couple of other red flags per this fellow:

The August-September Corrections Phase—–These Red Flags Say It’s Coming

Divergence with rest of world is stark.

Normally, Fed days are quiet, and futes so far reflect this, as well as a better than expected showing by AAPL. Market doesn't believe all the chatter the talking fed heads have put forth about raising rates, and they won't tomorrow, but perhaps the statement will be less dovish than priors?

I'm in cash more than usual. Lately caught about 10% on a small bio trade (ADAP - no news, just a bounce), and I'm tempted to cash it in tomorrow and wait for the next pullback to start scaling into things again.

Cheers, Tuck
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