Obviously, for all the reason listed this weekend, this is not a good time to be short. That was proven, once again, today as the market ramped. I am now only 17% short and still 60% cash as I still don’t trust this market one way or the other. There are simply too many mixed charts and not enough ugly or HOT charts to have me make any concrete decision. I know when it is time to bearish and I know when it is time to be bullish. It is time for neither, right now, as I am bullish on the short-term and bearish on the long-term. This market is just too tricky for most players and that is why cash is king.
new short positions: none
none
Share on Facebook
Comments