Prove it to me. That's how I'm approaching the market right now. I'm long a few select names and still short the $IWM. I actually added to the short this morning. But I'm holding off on aggressive commitment one way or the other until the market proves itself. I'm still long $DE. The market remains under pressure, with weakening breadth and deteriorating momentum arguing for increased caution and consideration of hedges. The calendar also carries some event risk. Today’s Treasury auction and buyback announcement are followed by PPI on September 10, CPI on September 11, the FOMC on September 16, and triple witching on September 18. With several potentially market-moving catalysts packed into a short window, this remains an environment where selectivity and risk control should take pr
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