LOAD THE DIP: Wall Street Racked with Losses

Let’s first analyze what’s going on today.

Shit is rising to the top, always a precursor of ruinous market topping action. Last week we had a major push in bond yields highs, implying the Fed is back on the table. Gold collapsed too. This is the reason why I went to cash and bought TZA.

Presently, SAAS stocks are -4.5% for the session.

See that on the far right? Yeah, even with today’s dip, SAAS stocks are +27% YTD.

Also, the Bubble Basket, which is my custom index of highly valued stocks, is lower by more than 3% today.

Year to date, that index is +23%.

So what should you do?

Well, I am 55% cash, with 5% in TZA, so that’s where I stand. You should be hedging or going to cash too; knowing the market deserves to pull in a little, but also feeling confident the dip will be short lived.

NOTE: I bought VERI — because I can. My trading account is on fire now and not incurring losses with the overall market.