To use an expression from decades ago, it’s been a mixed bag.
TOT daily traders exited their SPX long position at 2470, prior to the SPX’s collapse to 2459.
TOP traders saw a profitable QQQ position turn into a loss.
But Sector Fund managed accounts are 100% long the Retailing Fund (XRT is the ETF), and it’s up 1.2%
Just when I think I understand the market, I re-learn humility.
TOT daily traders are in cash, and we’ll stay there overnight.
Thanks for the opportunity to be of service, and I’ll email you again in about ten hours
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