The equity markets are in the process of confusing every short to intermediate term trader. For the past few weeks, the S&P 500 has been in turmoil, giving fits to day traders. Anyone trying to trend follow get whipsawed. Buy the rallies and you get your head ripped off the next day. Sell the bearish moves one day and get squeezed out the next. The buy and holders may be doing ok the past few weeks, but they are down sharply from the beginning of the year. Prices are up one day, then down the next. But in the end, they come out flat at best. What to do next, if anything, is the key question.
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