
The S&P Index broke November lows on Friday on increasing volume and it looks like we are set for a new leg lower. I have been all cash since being stopped out after some big gains last week. For now, the market is in "prove me mode" and will be waiting for a change in character before putting any capital to work. But I will be trying to generate some new watchlists which I will fine tune through out the week.
JAX

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