The Late Show

Indices had every chance to break down early.

The most glaring hold was the Russell which refused to elect
its ORL sell stops.

Bond sell off kept risk spreads from rolling over.
(Price Positive).

I’m not bearish but i will throw a bone to the Bears (the risk spreads took a week to breakdown after the Oct. high)

The gaming names MLCO,LVS and now Wynn have been bid.

Microsoft was bought early with McDonald’s.

Stay in names where you have definable risk.

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