The good news is that the afternoon saw a decent recovery rally in many issues although financials were clearly lagging, bonds were booming and utilities (XLU) buying was in evidence.
Friday will likely be volatile as expiration dynamics transpire and, coupled with the propensity for Friday's to be down days, the odds are with the bears.
M3 went to cash this morning and we're now in a wait and see mode.
Next month the new Mosiac format will be operational and offered on a monthly subscription basis.
The service will provide live M3 signals both at the market open and 20 minutes prior to the market close for 3 differnt M3 models. More details later this weekend.
