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The action today is helping a bottom to form, but it's too early to deploy too much precious capital.
Last week was rather tough across the board for equities. The Autos were different.
All the indexes remain in near-term downtrends, but support levels have held.
I think I'm likely to remain 'skinny' for now, and prioritize trading over investment at least for the next 10 business days or so.
Omicron may not be as deadly as feared, but inflation, growth, technical conditions, and central bank uncertainties continue to pressure the market.