Come on fed raise rates already, oh Yesssssss I forgot the economy is STILL TO WORTHLESS AND WEAK for you to do so even after all that QE and trillions of dollars you pumped into the system!!!!!! 1. The pace of growth in the U.S. manufacturing sector slowed in September while remaining at its lowest level since May 2013, according to an industry report released on Thursday. The Institute for Supply Management (ISM) said its index of national factory activity fell to 50.2 from 51.1 the month before. The reading was shy of the expected 50.6, according to a Reuters poll of economists. 2. U.S.-headquartered companies put 58,877 jobs on the chopping block last month, up 43 percent from just more than 41,000 in August and the third highest monthly total this year, Challenger's global outplacement firm reported.
Sharp moves but the market isn't going anywhere. Very strange considering how bad the ISM numbers were and European stocks are tanking.
That's why I don't like to put a time stamp on trades, if there are reasons to remain in a trade why close out? Because it doesn't look/feel right? Staying short.