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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.76-1.1%Dec 12 4:00 PM EST

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To: yard_man who wrote (199070)7/11/2024 4:39:01 PM
From: GROUND ZERO™  Read Replies (1) of 220104
 
I followed my gut early this morning and it turned out right, I prevented a huge amount of "give back" by selling out and shorting this morning, and it all was just a gut feeling about how this market was behaving...

This market just didn't behave right and it was so overbought...

The VIX is now below 14 for 28 consecutive market days, this may be a record, just how complacent can everyone be before it finally hits the fan???

I mean, really, but still...

I don't get these kind of days all that often but I'll take them when they come...

As a result, today was absolutely wonderful, actually, I feel a little guilty that I did so well when so many bulls got hurt...

Tomorrow we could see these markets turn right back up, who knows with this crazy market...

The bonds look a bit overdone today, but I'm holding them for the much longer term...

Still short the SOXX, heavily long the TNA and the TMF...

I think that's probably enough to get me into some trouble soon enough...

Oh, and could you please pass the jalapeño taco sauce, please...

Thank you...

GZ
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