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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: herry iball who wrote (12006)1/29/2002 2:24:29 PM
From: kodiak_bull  Read Replies (2) | Respond to of 23153
 
If you ladies and gentlemen will permit me to wax a little macro here:

The vix is spiking up, but then again, you all felt that, didn't you? We're now above 24 and, if my gut is right, heading higher.

finance.lycos.com

Remember the Vix mantra (call it the Vix-vapor-rub if you like): when the VIX is low, it's time to go (sell), when the VIX is high, it's time to buy. Sold NKE and TOL today (short), I might be a tetch early on both, but it felt better than holding long positions.

Gold is spiking up into the 280s again (my NEM is following along), and the dollar is finally getting a facial. I readjusted all my short BTC orders today (downward), closed out several long positions (including RIG) which seemed to have a southward bias and I feel a little edgy, overall.

How do mesdames et messieurs feel?

(Btw, I mentioned shorting GS, C and MWD here a while ago, they are all coming along nicely. Not taking any credit, here, but the financials look weak and weaker to me, chartwise.)

P.S. Greenie, I'm out of the practice of law, been out for almost eight years. I can't complain.

Kb