I took partial profits on this move higher in all of my positions as we begin to restest breakdown points. The bears seem to be licking their chops around this level, as this would be the spot to add if you are bearish.
It’s hard to do anything here with the hurricane and the elections upon us. I still sit heavy cash and intend to stay that way until we get past these damn elections. Still long partial positions in $FAS, $CAT, & $RIMM, and still love the potential for all three.
China is going HAM, and continues to break out of a multi- year pattern, I encourage you to look for opportunities in the space. I’m currently scanning to group.