When people are buying HTZ at 6, and it crashes -75% in 2 business days, anyone thinking the is a bullmarket need's to look at cross asset volatility. There has never been a market in history that has sustained above 26. If the Vix>26, then my bias is that it will hit 40 next.
so you are bearish on the S&P.. what is your target?
TayFx
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@JadAl87, $500, according to the Shiller ratio. However, looking to sell at lower-highs within the implied risk-range (volatility of volatility)
TayFx
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@JadAl87, Top of chart near title shows bias
Jad-87
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@TayFx, yes I know it is shown on the top of the chart.. .was kind of a rhetoric statement :)
TayFx
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@JadAl87, ah I see, haha okay. I love rhetoric! What're you looking at this morning for buys or sells?
Jad-87
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@TayFx, well it is already afternoon here in Dubai..
Buying safe haven (USD, JPY) shorting EUR, GBP and CAD.. kind of a mix... small positions testing waters.
And a small short on BTC...
Planning on shorting S&P... still monitoring though.
TayFx
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@JadAl87, keep in mind we have plenty of time in the coming weeks should the currently adjusted newfound bearish trend remain valid into the next month.
Jad-87
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@TayFx, yes indeed... I try to keep the "psychology" in check as a beginner... FOMO is a NO NO ....
TayFx
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@JadAl87, Well said
TayFx
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@JadAl87, S&P is now bearish trend, I am bullish NASDAQ, Short RUT, Long XLU, short XLF