I was stopped out of half my $SPY short yesterday and the remaining half this morning (low single-digit loss). Adding some names on the long side today. Hopefully this isn't a head fake. We may finally get a tradable rally, but I'm still mindful of the powerful seasonal and cyclical headwinds as we move into September, particularly if the 10-year Treasury yield breaks convincingly above 5%. Short term, Oil and Iran are causing volatility. Fortunately, there are still quality stocks in buyable position coming out of constructive bases. So, in the meantime, we bend with the market. https://t.co/JXzFFTmMtn
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