➤ S&P500 holding near the upper pink resistance zone in a tight range. This is looking like the calm before a storm. A storming Bull that is.
➤ My exposure remains at -50%. That means we are short the market using half of our capital. This is low-moderate conviction. The maximum is +/- 200%, the level of highest conviction.
➤ My short positions in S&P500, DJIA and NASDAQ look particularly vulnerable. They will be cut if we see a dip in the VIX by close of trade Friday and most likely reversed to a Bullish bias. The only saviour I can see at the moment is if we have a jump in volatility due to some good old weekend profit-taking. This scenario hasn't occurred much during this bull run. I'm not holding my breath.
➤ Conclusion: This is my 3rd attempt at putting on shorts since this bull phase. Two tries, two fails. It looks like 3 strikes and I'm out.
➤ My exposure remains at -50%. That means we are short the market using half of our capital. This is low-moderate conviction. The maximum is +/- 200%, the level of highest conviction.
➤ My short positions in S&P500, DJIA and NASDAQ look particularly vulnerable. They will be cut if we see a dip in the VIX by close of trade Friday and most likely reversed to a Bullish bias. The only saviour I can see at the moment is if we have a jump in volatility due to some good old weekend profit-taking. This scenario hasn't occurred much during this bull run. I'm not holding my breath.
➤ Conclusion: This is my 3rd attempt at putting on shorts since this bull phase. Two tries, two fails. It looks like 3 strikes and I'm out.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
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✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.