I remain
Bearish going into the weekend, mostly on geopolitical concerns. While domestic trends are improving the fear mentality
will continue to prevail and the resulting volatility will be costly. Thus far
this year I have done well and would rather error on the side of caution than
chase returns in this uncertain environment. Since July 7th, 30% of
the daily sessions have been days of Distribution. Days of increased trading volume with lower
closings. Well above the normal trend for the markets which is typically about
20%. My current Market Scored Allocation level has dropped to 25% Long - 75% Hedged.
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