The market gap up this morning and now we are back to yesterdays levels or lower.
VIX traded higher than yesterday close, PRINTING 10.66 – Adding shorts
GLD failed to consolidate ABOVE 123 – Adding longs
- R Option Mini is ALMOST fully invested
- R Option could increase market exposure if, and only if, the RISK/REWARD changes
- R Future keep performing
Most mutual funds I track are lagging the indexes thus there are being force to buy, the first days of the month, at whatever price they can find. They can’t afford to under-perform by a certain percentage. their benchmark. This is adding to the bull pressure and making equities indexes and ETFs not to experience large pullbacks.
RUT holding yesterdays low