Short Term Trading Week Starting: 13 Aug, page-45

Always a good and generally reliable signal when the Advancers /Decliners line tips over like that. Given we are also heading into "Correction Season (Sept Oct)" and the market is relatively high I think its a better than even chance that there will be some sharp moves to the downside between now and mid to late October.

Time to reduce pilot sizes, be extra cautious on new entries and tighten the screws on stop positions that extra half turn.

Also I note the trader war amping up and the Turkish currency fragility casting a shadow over markets. Risk of financial contagion across Europe is there and real. Will be watching banks in Spain and France for signs of issues spreading.

Quite often in these circumstances there is Iceberg type connections... As in whats visible to the market "above the water line" is only a small part of the actual real issues are beneath.