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Today's Commentary
Thursday, August 16, 2018

Today the "world" concerns mattered.......... the SPY gapped down and traded down. The only "good" thing today is the Bulls stepped in and brought us off the lows, ending the day down $2.14. Volume was about twice that of yesterday and well above average. Stochastics are still heading down. Again, the only positive is we finished the day well off the lows, a Candlestick hammer "type" day (we are not in the Oversold area and not in a down trend). So, was today a one day sell off? We will see in the morning....... yes we are long, "if" we open down and trade down we will exit and go to "cash" (Bond fund). Remember Aug. slow trading and light volume........ lots of vacation by "big" traders.   

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