still not much to do…but observing is critical

  • headline risk out of the g20 meeting is way too big to add any positions in either direction.
  • we discussed MS yesterday and below note the chart of the XLF financials etf.
  • if the XLF holds and bounces off the $12.50-$12.75 area it should also give us more confidence in a long-side try in MS, for bucket 2.
  • so..nothing to do right now but something to watch closely

 

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