I may open an index/average put like SPY or IWM, probably SPY.
There's a lot of weakness and although it's not past 2 p.m. when most contracts are settled and the pin comes undone (this is the time price can do anything, but the 3C signals almost always pick up on Monday right where they left off today), I'm going to try to get charts out (I will, just how many) because this weakness is developing faster than I can get through a watchlist.
I think SPY and IWM appear to be weakest.
I'll have charts out momentarily.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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