Friday's action was encouraging that we didn't roll over, but not much changed with our positioning. Still long a handful of names with an $SPY short as a hedge. Stops are relatively tight. Volatility picked up in a number of breakout names. Definitely a mixed market that has become increasingly selective. Looking for a Follow-Through Day and a re take of the highs on the $SPY to get outright bullish and trigger a risk on environment. Watching the 10-year. A breakout above 5% would likely create a significant headwind for equities, especially if it coincides going into the historically weak month of September. https://t.co/JXzFFTmMtn
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