Ouch, another volatile day in the markets. My model’s volatility indicator didn’t issue a BUY today but it did jump higher. We’re almost ready to cross the 1.0 threshold again which means more volatility games in the market. For some strange reason, we’re making lower highs and maybe lower lows on the S&P500. Hmm, what could that mean? :)
I’m thinking that September, and possibly October, will be very rough months so we should put in our stops and start building cash. Maybe take some cream off the top. In the long run, it could present some buying opportunities but some pain in the short term. Oi Way!
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