It comes as no great surprise given the past 2 tradings days that the market is taking a break today. Some consolidation here is healthy and almost necessary before the next move (up?). I was paper trading in my mind earlier today, mentally buying some SPXU at 34.80 with the thought that there was no way we were going to finish green today. Sure enough (with some credit going to the Fed) SPXU was up over 1.5% since my "purchase", though I see it's retreating some now. This trading vacation is nice is some ways (ie. zero stress), but missing out on some of the biggest, best action in months these past few days has been a bummer. Looking forward to joining you all later this month. One thing is for sure, I'll come back refreshed and hungrier than ever.
Anywho, onto the signals, which are offering very little of anything this afternoon. JTS is holding strong long, the CCI remains short. So the JT Comp remains parked in cash. Probably not a bad place to be.
Take care and I'll see you tomorrow.