Tough Open

The picture represents all the buy and hold books that I’ve read. They will be posted for free later. Abbey Cohen will be putting hers up later, but I need for memory.

So far futures are down in response to lower global rates and currently the impact is nil. Australia and Japan have cut this week, but the impact so far is feeble to say the least. The retail numbers are dismal and I think RTH can ta 50-60 in the coming months. CSCO is weighing on the QQQQ’s and tech in general. I’m looking for more heaviness in SMN and FXP today, but will be watching out for snapback rallies. Anything can happen in this market and as you know can reverse at anytime. Oil is tradin lower on demand concerns and Toyota slashes its forecast. I’m all about retests now, its just a matter of when.

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