Back to Cash

It is a fight to the finish this morning around 3900, but interest rates are quietly rising in the background, and there is heavy volume in the bond market, something we have been able to ignore for some time. Growth stocks, namely the NASDAQ 100 and FANGMAN members continue to break down as well. The energy and financial stocks cannot carry the market alone. So the better decision this morning is to honor the stop and exit the market. We are out at 3693.25. The Weekly Expected Move low is at 3882.50 and likely will contain any damage for the week.