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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.89+0.3%Oct 31 5:00 PM EST
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To: GROUND ZERO™ who wrote (109583)8/11/2018 10:19:23 PM
From: Peace1 Recommendation

Recommended By
Machaon

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You are right about the fundamentals. But one could have made that argument anytime over the last 6 months. In any event I am not at all in the crash camp. I have maintained for the last 6 months that we are going to be in a broad trading range until late this year with strong fundamentals providing a floor and overvaluation providing a ceiling. We are getting closer to lifting that ceiling with 2 quarters of earnings behind and valuations looking less expensive but I still think that we will bounce around and resume the sustained uptrend in the Nov/Dec time frame.

I am still short the SPY and long Volatility, although I plan to cover on Monday but then I expect to probably get short again in a few days.
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