LOL, it's a hard call here...
When we go back to IWM and RSP, Talk about a horizontal channel...
No need to post the charts, we know 'em by heart.
We know how the weighting has created a supercharged effect
that sure helps the SPY, But can't deny it exists.
Did it being an OE week come into play?
Maybe "they" just wanted to burn all the 295+ calls, and also
Burn all the 295 and below puts. Sadistic...
Maybe John C also wants to keep us guessing and idolized Nostradamus, LOL.
One thing for sure, XLF looks pathetic and it takes me back to the video you
Posted days ago, about working with the "favorable" sectors...
Pick your battles, I guess, and I think the market may be telling us the
Financial sector may have some hard hurdles coming, between
both small cap defaults and the oil/gas upstream woes.
Real estate sector is also lagging badly.
Back to IWM and RSP, Like clockwork, they found a way to get to a
50% retracement of the crash. Things that bring a smirk...
Back to simple pleasures, put 15 pounds of pork butt in the oven at
260 this morning, covered/injected with liquid smoke and dry rub... After 7 hours they're
crumbling with a fork... It'll do nicely.
Have a good holiday.
