8:30am EST The strength in the equity markets was curious yesterday. The only thing I can attribute it to is the window dressing effect at the end of the quarter. The thing to remember is that action is action no matter the reason. The S&P strongly took back the 200 day moving average. The Nasdaq was exceptionally strong as well.
While you will see a high level of volume today with the Russell rebalancing, you might not see a lot of directional trading. It will be very choppy today and into the end of the month on Tuesday. I am sitting tight for now. Any trades made over the next couple of days will be VERY opportunistic, VERY small, and VERY short time frames. Until next time, stay low risk..
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