Turn Of The Month

The turn of the month is almost upon us, which tends to have a positive bias. This is yet another reason to expect some sort of a bounce to develop soon. As I wrote this morning, we are now just about oversold and sentiment is pretty negative.  It would be nice if we could get one more spike in the VIX as a better washout would lead to a better rally, but it might not be in the cards. Have a good night.