RumWave relief

You wouldn't know it, but today helped the RumWave.

If you only looked at the major averages, today didn't seem like much of a good thing at all.  However, it was much needed relief for the RumWave.  On yesterday's post I mentioned that the RumWave chart needed a little rally to reset a couple numbers.  Despite a mildly lower close for the averages, the RumWave score bounced up a bit.  Very good for the overall health of this market.  I still don't recommend jumping into long or short positions right here, as neither are what I consider high probability trades.  The market wants to rally a little and the Republican National Convention, Jackson Hole, and a likely survival of this hurricane by the gulf states will give a bit of room for bullish rejoicing.


GOOD LUCK TOMORROW!