I'm holding longs in precious metals, and also long individuals stocks with interesting valuations and trend signals. That said, I'd like to hedge my exposure to the market by shorting $SPX, and this might be a good chance to do it. It might be a good time to have a long/short strategy. The stop loss is tight here, if the setup works, it can be a good r/r trade. Downside of 15-20% worst case, best case, we barely go sideways and end up chopped out of the short, before the market resumes the rally.
Cheers,
Ivan Labrie.
Cheers,
Ivan Labrie.
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订单已取消:
Not yet!
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$SPX could hit between 2739.1 and 2768.6 by Jan 16th or earlier, and then top in the daily timeframe. With institutions talking about a 'melt up of 60%' coming, I start to worry since they have been bearish all the way up...
Waiting to go short...
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Blow off top forming?
I can easily see it rallying for a while longer, but I'm already hedge, holding exposure to miners, gold, silver, energy...and a long duration bonds position.
Blow off top forming?
I can easily see it rallying for a while longer, but I'm already hedge, holding exposure to miners, gold, silver, energy...and a long duration bonds position.
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I was right about the time for the top, I sold all to cash at today's open, and have been selling stocks that correlate the market a week ago.
I was right about the time for the top, I sold all to cash at today's open, and have been selling stocks that correlate the market a week ago.
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Still on the right track, read @timwest 's yearly forecast for more details.
