The board is having a small sell-off with record low volatility.
Portfolio insurance is historically cheap.
Its cheap going through the election.
OIL…sustained price action under 46.62 ( today’s ORL#) will keep the entire energy complex at bay.
POT & Mon are reacting to potential buy out rumors.
POT is up close to 15% since the opening bell. As long as this remains
above 17.02, its 200DMA, it will maintain although it should not trade back below 17.60 if the news pans out.
Qtrly buy stops are @ 18.75.
This is a low volume algo driven board.
Time Frame Trading
