This blog is a free service since the beginning. If this site has contributed to your trading/investing style in any way and you feel generous today, there are two donation buttons on the left side. Thanks for supporting this site by turning off your ad-block software and visiting the adverts.
Hi Bouraq ...this is anonymous.My whole theory this year was that the S&P would be negative by dec 31st based on the January effect, end of QE and midterm election selloff.Throw in some very negative divergences now and I ll happily sit in cash until the big correction hits...volatile week makes me think it could be starting soon.The only positive is margin debt not dropping yet...but you can t have everything lol.The correction is not a sure thing but high enough probable to sit out the next few weeks.I had this thought that the dollar was rising so quickly as a possible safe haven play (preparing for a possible deflationary market crash-which would take gold with it).Any thoughts on any of this...if you have time? Cheers.
Hi Bouraq ...this is anonymous.My whole theory this year was that the S&P would be negative by dec 31st based on the January effect, end of QE and midterm election selloff.Throw in some very negative divergences now and I ll happily sit in cash until the big correction hits...volatile week makes me think it could be starting soon.The only positive is margin debt not dropping yet...but you can t have everything lol.The correction is not a sure thing but high enough probable to sit out the next few weeks.I had this thought that the dollar was rising so quickly as a possible safe haven play (preparing for a possible deflationary market crash-which would take gold with it).Any thoughts on any of this...if you have time? Cheers.
ReplyDeleteBouraq, do u see a bounce soon for EEM? If so, any targets? I'm looking for a short entry.
ReplyDeleteI expect a bounce starting this week and it may go all the way up to 45-45.5 but then a decline from there. I reckon you can short there.
ReplyDelete