Currently 5% SDS. Definitely broke critical support. Looking for an entry point for additional short at 10,680.
Long 5% bonds TLT, working out nicely.
2.5% ZSL short silver. Silver registered a sell signal this morning by breaking .5% under the futures hourly M/A.
This does not feel like a normal correction. In a normal correction investors do a little profit taking and adjust there portfolio and go back in. Investors are scarred and I think we are in the beginning of a major sell off. You could feel it last week. I really feel the bear is in control now and the table has turned, market has topped, pass tense. Good news is bad news. Fear is a powerful thing. Are you staying short for the weekend, pulling out last weekend worked but I don’t know this feels like momentum is gaining fast? I think next week the bear is going to really show his colors.
Jack I'll be staying in this weekend. I'm only 5% short. I plan on adding 2.5% before the close. That is my limit until the 24th. My long bond position is like a short stock position as well.
Steve
ReplyDeleteThis does not feel like a normal correction. In a normal correction investors do a little profit taking and adjust there portfolio and go back in. Investors are scarred and I think we are in the beginning of a major sell off. You could feel it last week. I really feel the bear is in control now and the table has turned, market has topped, pass tense. Good news is bad news. Fear is a powerful thing. Are you staying short for the weekend, pulling out last weekend worked but I don’t know this feels like momentum is gaining fast? I think next week the bear is going to really show his colors.
Jack
ReplyDeleteI'll be staying in this weekend. I'm only 5% short. I plan on adding 2.5% before the close.
That is my limit until the 24th. My long bond position is like a short stock position as well.