Tuesday, July 28, 2015

There is a lot of movement in equity last few days, with straight down and up.   I expect a little bit more bounce in near term with some back and forth.  S&P 500 might be able to bounce back to 2110 sometimes next week.  Small cap index underperformed recently with deeper downside and litter bounce, and this underperformance can last a while longer.

I grow more cautious recently with the sale off last week, and it feels somewhat different to the ones in last few months. Even with the bounce I won't be able to trust it long. There will be some volatility for the rest of the summer, and August will not be a slow month this time. I see several great set up for some trades next month, and another money making opportunity is coming. So now I will wait for the price action in next few days to confirm it.

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