The red we are seeing this morning is looser and more forceful than what we have seen in a while.
As evidence, look not further than the sheer size of the daily chart price candlesticks of the major averages. They have increased noticeably in recent days which, typically, indicates a correction is nigh. Of course, this teflon market has always shaken off those kind of warning signs.
But the action today sure is not friendly longs and yesterday’s dip-buyers.
I am back in full cash and, ideally, waiting for secondary short entries in a bunch of equities and indices.
Gold and its miners are bouncing today, but I would still prefer a more textbook bottoming setup there.
one of my favorite features to a nice red candle is a lovely redhead from the CnW photo arcade
A rare treat in a QE market, for sure.
Chess, you still in your TLT short? If so, what instrument? I’m considering entering that trade. Thanks!
No. Stepping aside for now.
portable fan and cat litter box. sexy lady.
Good attention to detail.