SPY Bearish Divergence
Markets are extremely over-extended and now showing a pretty big Bearish divergence. Looking in the past there haven't been many fakeouts with these indicators and price action. Not going to short or buy puts, but moving 1/3 of my 401(k) into stable value fund. Not sure where i'll "Cover" or add back if it keeps going up, but for now looks like a correction is in store.
Pro's:
1) Potential Capital Gains increase may cause sell-off
Con's:
1) Usually get a December rally (especially when being up YTD before December).
2) Money printer go Brrrrrr
Pro's:
1) Potential Capital Gains increase may cause sell-off
Con's:
1) Usually get a December rally (especially when being up YTD before December).
2) Money printer go Brrrrrr
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