I see enough short term evidence for today's move down being the head fake move we would expect. I see improvement in the QQQ, in SPY, in the IWM and in a couple of leading indicators.
It's important to understand this is a very speculative, very short term position, perhaps a day.
It's the price strength in the overall market I want to use to enter the positions that really matter for the longer term.
I'm still leaving my SRTY, SQQQ, FAZ positions in place so I suppose you could think of the IWM call as a hedge.
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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