A Second Chance

The current effort to kick the can down the road for a few months is offering those who did not take action in the Septemeber 12th to September 18th topping period, when the S&P traded between 1682 and 1729, a second chance to make portfolio changes. 

A traditional 62 percent bounce of the recent decline could take the S&P’s back up to the 1699 area.