The stock market gets a relief rally. News from China about a government stimulus program over there, cheers some investors.
GE doesn't benefit and continues its race to the bottom (link to Marketwatch article). The dividend cut was a good reason for many to sell. Where is the bottom? I don't know. Readers will remember, that I don't like playing that game. I'd rather see a bottom established and then retested before going long.
With that in mind, the Tuesday low on SPY is an intriguing chart point. I think the market has one more sell off before a modest multi-day rally can take hold.
Positions: long AZO
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