My gut feeling was that we'd see another sharp, SHARPER move down, I think it's still possible, although since Bernie gave a date, the market will like that.
The one asset that looks good here is XLF, even though I know that draw down, even sharp drawdown is probable, but I think the signals and relative strength in 3C make me feel comfortable entering a Call position in XLF.
I'm looking at July $19. I'll take a closer look at the ETFs and follow up.
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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