A Pause
➤ S&P500 holding near the upper pink resistance zone in a tight range. This is looking like the calm before a storm. A storming Bull that is.
➤ My exposure remains at -50%. That means we are short the market using half of our capital. This is low-moderate conviction. The maximum is +/- 200%, the level of highest conviction.
➤ My short positions in S&P500, DJIA and NASDAQ look particularly vulnerable. They will be cut if we see a dip in the VIX by close of trade Friday and most likely reversed to a Bullish bias. The only saviour I can see at the moment is if we have a jump in volatility due to some good old weekend profit-taking. This scenario hasn't occurred much during this bull run. I'm not holding my breath.
➤ Conclusion: This is my 3rd attempt at putting on shorts since this bull phase. Two tries, two fails. It looks like 3 strikes and I'm out.
➤ My exposure remains at -50%. That means we are short the market using half of our capital. This is low-moderate conviction. The maximum is +/- 200%, the level of highest conviction.
➤ My short positions in S&P500, DJIA and NASDAQ look particularly vulnerable. They will be cut if we see a dip in the VIX by close of trade Friday and most likely reversed to a Bullish bias. The only saviour I can see at the moment is if we have a jump in volatility due to some good old weekend profit-taking. This scenario hasn't occurred much during this bull run. I'm not holding my breath.
➤ Conclusion: This is my 3rd attempt at putting on shorts since this bull phase. Two tries, two fails. It looks like 3 strikes and I'm out.
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✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.