Taking a Visit to No Man's Land

Last week we discussed the importance of waiting during uncertain times.  For those that waited, you are probably relieved to see equities down 5%.  So what now?

We are in 'no-man's-land'.  What does that mean? We stepped away from our highs and there is no telling where the next month will take us.  Why would you want to speculate the direction of the market when there is little conviction that equities will rally or sell-off?

The S&P500 is below the 20 and 50 day moving average.  With that in mind, I am preparing to sell volatility at the right time. I am also looking into the following trades.

Long YUM:

Short KEP:

Stay smart and trade safe!