Dr. Wish
Another bounce
With the put/call ratio still above 1, bearishness is high and the bounce is on. I am patiently waiting on the sidelines in cash. The GMI could go to Sell with a weak day Thursday.
Don’t fight the tape
I remain in cash on the sidelines. It took me years to learn that I don’t have to be in the market all of the time. It is time for a summer vacation.