Judging by the put: call ratio the market looks like it is getting ready to bounce.

Name: Put-Call.GIF Views: 455 Size: 42.5 KB

Past values over 1.2 have led to an eventual market bounce.

I am 100% cash right now. Leading stocks have been choppy. On my watchlist: PAYC is down 10% overnight. ESNT and NSP have broken down. It looks like my mid-October short of AGN was covered too early.

I saw a study last week showing that whatever the market direction that exists prior to an election continues in the same direction after the election. BREXIT was an exception and so was Truman-Dewey. So, my read is that the market is going down right now...