An incredibly strong bounce over the month of November on all
QQQ
IWM
SPY
DJI
I am getting out of my
SVIX
position for now as vol is super cheap and not going to get greedy. You can see in bottom left chart of
VIX
my indicator is about to flip red, so I am just going to front run that.
Also the breadth in bottom right (average of
SPY
and
QQQ
breadth) is getting up there.
Let me clarify, I'm not looking to short, as everything is strong and I don't want to p*ss into the wind, but I will lever down and stay long.
Growth is going to slow, but Biden won't let this thing go to the dumps.
Everything I look at here is bullish, and a little too bullish. I got a lot of this move with leverage, so I am selling levered positions and have bought some small cap value (that might get crushed with expensive debt).
QQQ
IWM
SPY
DJI
I am getting out of my
SVIX
position for now as vol is super cheap and not going to get greedy. You can see in bottom left chart of
VIX
my indicator is about to flip red, so I am just going to front run that. Also the breadth in bottom right (average of
SPY
and
QQQ
breadth) is getting up there. Let me clarify, I'm not looking to short, as everything is strong and I don't want to p*ss into the wind, but I will lever down and stay long.
Growth is going to slow, but Biden won't let this thing go to the dumps.
Everything I look at here is bullish, and a little too bullish. I got a lot of this move with leverage, so I am selling levered positions and have bought some small cap value (that might get crushed with expensive debt).