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The Market Is Setting Up a Different Move

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Quantitative Analysis is the future of trading. Rob Smith will show you why. Click here for more info. This is the first time we have seen follow-through in the markets in a while. That should be telling and it looks as though we are finally setting up for a pullback. We have entered the August 5 gap and now look set to fill it and some more. A good check back in a healthy market would be to pull back to around the 50 day moving average or around 213 in SPY. Its only a couple of percentage points below here, but picking up that kind of alpha is what I like to do. I am selling down my longs here and looking to buy back lower.

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