this has been one surprisingly strong month.
historically, september is the weakest month for stocks.
just as october is the second weakest.
as such, we may have profit taking before day's done.
i did notice stronger than average puts volume on some chiu index holdings lately, namely the large etf index names like fxi.
with most asian stocks rebounding, hedges or longs in these contrarian plays may require scrutiny early in october. there will be no employment report this friday, october 1st. we all have to wait one week.
paul
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