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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 680.44+0.6%Dec 19 4:00 PM EST

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JMTrader
To: JMTrader who wrote (199074)7/11/2024 4:45:59 PM
From: GROUND ZERO™1 Recommendation   of 220483
 
Yep, and it didn't take long before everyone began to realize the small caps have been so beaten down that they had to be bought...

I'm long a ton of TNA and TMF, and I shorted the SOXX this morning, I took my profits in everything else and went into cash...

This should get me into enough trouble without trading anything else for now...

And tomorrow is Friday...

Today we had several outside key reversals in several of the major market indices, this may not be bullish near term, but who knows with these crazy markets...

Today is the 28th consecutive day that the VIX closed below 14, this is a very bullish sign longer term but also very overly complacent near term...

GZ
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