Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 670.21

-1.1%

4:00 PM EST

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To: GROUND ZERO™ who wrote (109605)	8/13/2018 1:06:43 AM
From: Peace	Read Replies (2) of 218514

The bounce into the close was tempting but I thought it was just shorts taking profits before the weekend. Below 2820 it can decline rapidly but I will be covering soon as my options expire this week. My worry is that earnings are largely done so the market is vulnerable in the coming weeks. Let’s see how this unfolds. The SOX also has me very worried. If it doesn’t recover soon we may be in for a longer decline. The currency markets are showing some stress in the EM land with Rand and Peso. Hopefully this will settle down.

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