To be bearish. Like ever. Worst trade anyone could have done over the last 300 years was sell stocks or bonds. There are times however I think its prudent to scale back. When its been too easy to make money, let them have it. I think the setup in treasuries is ripe for a large move higher over the next 2-3 weeks. I like to quantify all of my ideas. I can’t give you objective evidence of why I will be trying to buy some put gamma on pops; so I can’t play it big.
One also speculates that Tom DeMark will be on TV this week to talk about a market correction coming. We have some big sequential 13 countdowns that complete on indices, future and some of the top 5 large cap stocks on daily and weekly time frames. I don’t think he is very good on calling tops though. Nonetheless, I like his work.
I want to make an effort to write more. Unfortunately, I don’t think the content that I produce each day is good for most people nor would anybody would give a shit. I like math and evidence. Most people want to be riled up with feelings and strong views about the stock market. I don’t play that game. Don’t get me wrong — I’ve seen this work for even MIT grads who run half a billion dollar books. I just don’t understand it from what I’ve seen in my short time in markets. Because of my internal conflict on market positioning lately, I decided to write this post and vent a little bit.
