Good morning everyone
Friday the market was dealt a surprise when the head of the FBI reopened the Clinton E-mail scandal case due to new evidence. Who knows what will come of it but the market hates this kind of uncertainty and may further complicate this very challenging market. With the election now only 8 days way and the market locked into a very tight range truly anything is possible. As a result, I highly doubt I will be doing much trading until the election is over and the market picks a direction.
I understand this has been very frustrating but why risk our money when chop rules the market. I believe big moves are coming soon so will spend my time preparing rather than fighting news driven emotionally charged chop where I have no edge. There are times when the best position is a cash position and personally I think that time is now. If you disagree that’s okay with me and I wish you success.
Trade Wisely,
Doug
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