Markets sold off overnight on news of a containment vessel breach. This brought the situation to a new level and raised the event to a 6 level from 4. The way I understand it is that the odds of a massive radioactive plume have been raised substantially.
The SP and DJ futures have pierced their 50-day M/As by more than their respective envelopes so all 3 of the moving averages that I routinely use are negative.
I see a 5 up in SPX from this morning's lows but I'm staying in cash. I'm still holding TLT.
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