Buy Dips and Take Profits On Bounces

The market is not going anywhere fast ahead of the Fed and the Election.

PRE-OPEN MARKET COMMENTS TUESDAY - Overnight markets were generally soft and the SPY is going to open slightly lower this morning. TLT has broken below the major moving averages and it is testing a major uptrend line that started a year ago. Higher interest rates are not market friendly and they are not consistent with the Fed's dovish stance. If the Fed is on an "easing path", why are rates moving higher? The US has to refinance $7T in debt in the next year and both candidates will run big deficits. VIX/VXX is off of the lows from July, but it is not climbing.

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