The Defensive/Uncertainty Trade

The combination of window dressing and Monday morning inflows held up the market, but we didn't manage much upside momentum. Until these overbought conditions are worked off, you can expect much more of the same.

I suspect that we're about to see some defensive "uncertainty" trading leading up until the election so be sure to keep those stops on and relatively tight up here.

I will have some charts to share with you tomorrow. Until then, be well my friends.