very good news today…..i most likely will have no time for baseball today…i will be pretty busy in phoenix and then traveling.
The markets are gapping down again this morning almost 1%. We are getting closer to my SPY/SSO swing trade. Lets see how the market closes today. I have on three swing trades right now and do not plan on putting on any today. Only managing existing positions. I think the main concern in the markets right now is the Fed not backing off interest rate increases in the face of china devaluating.
If the fed announces they are postponing rate increases you will see a dramatic turn in the markets . The problem its not likely to happen. If Bernanke were still at the helm it would of already been done. With Yellen who knows. Its not as simple as knowing a last min deal with Greece will be done or a last min deal to keep our government open.
I will be back at full speed Thursday.
RickJ
