Technicals have deteriorated to the point where I think there’s a chance for a flushout, another PPT oversold signal. I could be wrong, which is why I am not selling more. But, I am cautious enough to want to sit on my cash and wait for the market to show me a clear direction, instead of trying to anticipate one.
Now is a good time to refresh watch lists with quality stocks and forget about the low brow stuff.
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agreed. Glad I took positions in BIS, TZA, and UVXY prior to the long weekend just to be a bit defensive. My shorts are holding me up today
when the market has a draw down, how come everyone disappears in this forum?
If you think about it, you probably can find the answer to your question.
I get it, just about everyone is long, doesn’t mean it’s time to go into hibernation. I’m long through the Alibaba IPO, then will reassess.
Everyone is hung over from the holiday celebrations. I wouldn’t make too much out of it.
I got into TEDU after the 8% drop