Just because there is complacency doesn’t mean there is a sell
signal. Lot of stocks and ETF have a shift in the direction of the
20/50 MA’s.
Obviously that could change given these volatile markets.
but right now there is nothing to scream short. To hedge YES.
I’m still cash and green for the year in my long term accounts and
my plan is to go long on the next retest of 20 day. If 20 day
breaks I am out.
Good points. I run my long term money differently than my
trading account so always something good going on.
Going higher is much more beneficial for me than lower overall
between my two strategies as relates to markets.
Sentiment is the only rub right now and it can continue or leave
as fast as it came. My spread isn't aggressive yet though does lean
short in bio a bit. I am prepared either way. Guess we will see
what the jobs report is like reaction wise.
Things will come back to earth for a trade and I'll be there and
collect when they do.
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Just because there is complacency
XBI my spread is bearish now into this premarket rise. ...
Posted by arun on 4th of Aug 2022 at 10:18 pm
Just because there is complacency doesn’t mean there is a sell signal. Lot of stocks and ETF have a shift in the direction of the 20/50 MA’s.
Obviously that could change given these volatile markets.
but right now there is nothing to scream short. To hedge YES. I’m still cash and green for the year in my long term accounts and my plan is to go long on the next retest of 20 day. If 20 day breaks I am out.
Correction: I am green only
Posted by arun on 5th of Aug 2022 at 08:30 am
Correction: I am green only in the long term accounts I manage. The ones with firms like JPM UBS are negative.
Good points. I run my
Posted by fundamentalvalues on 5th of Aug 2022 at 07:40 am
Good points. I run my long term money differently than my trading account so always something good going on.
Going higher is much more beneficial for me than lower overall between my two strategies as relates to markets.
Sentiment is the only rub right now and it can continue or leave as fast as it came. My spread isn't aggressive yet though does lean short in bio a bit. I am prepared either way. Guess we will see what the jobs report is like reaction wise.
Things will come back to earth for a trade and I'll be there and collect when they do.