It’s fitting that on the last day, of this frustrating month, we see the S&P down 30 points. We now get to deal with the all important jobs number tomorrow, which has the potential to make today’s move a one day event– again.
I’ve sold down positions today in exchange for cash, even though The PPT is flagging oversold here. I’ll be out of the office tomorrow for a short trip to New York, and do not care to manage short term positions through this mess.
Hopefully August gives us some better trading conditions than July, because the sideways chop has been tough to rack up big wins– at least for myself.
Here’s a look at today high volume/hybrid movers: CLICK HERE FOR CHARTS