an tSionna: While I'm Away-Part II

Daily chart of same SPY. While probability would indicate that some sort of correction could occur during what is considered seasonally the weakest period of the year, stocks can correct either by time (that is by going essentially nowhere for a certain period) or by price (that is stocks decline). Since we don't know which this would be the Playbook indicates we should consider the following. 1. Raise some cash in certain accounts where we have carried lower than normal cash positions since last spring and 2. Identify stock price support levels which if breached would cause us to raise cash in more accounts per their specific risk-return parameters.

*Long ETFs related to the S&P 500 in client accounts.