Divergences in the QQQ, IWM and DIA pretty much reach out to the 10 min time frame, so it's enough for me to think that we'll get at least a pullback as some of the longer term charts are still strong. This is why I wish we had seen a modest pullback to keep the market from getting to an overbought point in which corrections can be over exaggerated.
For the time being, I'll probably only put out about 25% or so, buying some inverse ETFs such as SQQQ, SPXU, SDOW, SRTY, and FAZ. I don't want to much open risk here.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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