DXY has the look like it's rallying, TLT has the look like it is rallying. VIX looks like it is gonna rally. GOLD is faltering. Stocks have reached a major resistance.
I no longer feel comfortable in the market and prefer to have 90% cash instead. The other 10% is evenly distributed in DXY, TLT, UVXY. I will add more to these holdings if DXY shows that this is a sustained move up. If DXY loses support at 89.9 it can go down to 88 before reversing. Stocks would go up in this scenario; but for a 1-3 weeks at most.
I will be looking to short Gold and stocks with the rising dollar. More updates to come.
I no longer feel comfortable in the market and prefer to have 90% cash instead. The other 10% is evenly distributed in DXY, TLT, UVXY. I will add more to these holdings if DXY shows that this is a sustained move up. If DXY loses support at 89.9 it can go down to 88 before reversing. Stocks would go up in this scenario; but for a 1-3 weeks at most.
I will be looking to short Gold and stocks with the rising dollar. More updates to come.
Comment:
UVXY,TLT,UUP,IEF,EDV,VGSH and shorting big tech made for a very successful day. Most people on here just throw down numbers and call. them waves and fib to predict price. Or they use an irrelevant trend line. It is a lot more than that: bond auctions, dxy, gold and global markets should be considered for every place.
