Monday, January 11, 2016

Time to go bullish

I don't know about capitulation, overaold conditions or moving averages, but i know when stocks stop going down..  That was today.

I turned bullish this afternoon when the market started to recover.  Shorted some $UVXY and bought a put on $SQQQ which is the Bear ETF for the 3X SPY.

People are way too bearish after the bad start to the year.

Sunday, January 10, 2016

I'm Bearish Here

If you've got some money you are going to need in the next few months, or are a short term trader, you probably want to consider pulling it out of the market.

If, on the other hand, you've have money in a 401K with a 20 year horizon, you'd be better served to just wait it out and add more if the market goes down.  20 years is a very long time as far as investments go.  Think back to 1996. Could you have come close to predicting what was going to happen over the next 20 years then?