Current market themes

Expect a better day today with a modest rise. But probably only modest. The computers seemed to wake up grumpy yesterday and never recovered. The bargain hunters that we thought would come to the rescue were nowhere to be seen. Today we will get some taking the plunge, but volatility and grumpy computers are set to continue until we get some clarification from the Fed next week. Fence sitting still the way to play this. It has become an extraordinary sight to see a developed and sophisticated market like Japan rally 8% in one day. These are not normal moves. Unfortunately these sorts of moves may continue for some time. (VIEW LINK)