Our main focus right now is to best navigate this turmoil.
That means we have to remain nimble, patient and avoid any unnecessary loses.
Earlier today the Fed announced they would buy assets ‘in the amounts needed’ to support smooth market functioning.
This surprise action by the Fed created a lot of mixed signals in today's market action.
As we’ve discussed for the last several weeks, we must be patient and avoid forcing any trades.
Instead of forcing a trade today, I am going to wait until tomorrow morning.
That means, no-trade today.
I'll have a new one for you tomorrow morning.
Action to Take: No Trade today