Happy Wednesday, everyone. This is one of those rare days than I celebrate equity futures being green. My assessment (and hope) at this point is that the futures will fight their way back to the horizontal lines I’ve drawn. I reserve the right to change these, of course, but these are my best approximations right now on the S&P 500 futures……
……the NASDAQ futures……..
……and the small caps (which I realize is much higher than the others and is probably the most one subject to
Simultaneously, the VIX has eased back from threatening to break above the teens (garsh!).
At this point, I am in the wait-and-pray mode, with more cash than I’ve had in a while (about 35%) and a more balanced portfolio than usual (a mix of bearish and bullish). Keep your fingers crossed for a nice rally!
