Tuesday, May 8, 2018

QLD Mixed for Wednesday....05.08.18

The Iran deal walkaway was greeted with a yawn and the markets closed essentially flat.  For tomorrow our 2 highest linearity models...PVOL and MR...are flat QLD while VIXEN TF is long.
Its a market of news these days now that earnings are largely in the bag and we await a possible Sell in May momentum to carry the markets down once again.  Volume has been trickling lower..common during the summer months.  The Israelis are bombing Syria again and the talking heads are predicting a major escalation of mid east conflict on the horizon. Still a risky trading environment even as Trump sets up to broker a NOKO deal.