Market is getting way way way overbought, similar to the way way way oversold condition last March.
Thats right folks, even Pete Nagarian said on fast money tonight: "I haven't bought protection, because I'm just not worried about it."
Here's a tip: If you haven't been long through this rally it is too late to get involved. Wait for the pullback.
There is a chance we can get to 11200 on the DOW, and if we do I will not be experiencing it.
I'm about 20% short via QID, and SDS. I'm going on vacation (away from this bullish nonsense).
See ya in March
T
P.S. I will have access to my email: tenyeartrader@yahoo.com
good luck out there
Subscribe to:
Post Comments (Atom)
Seriously! You holding QID and SDS until March?
ReplyDeleteVacation???? ... come ooooonnnnn ... take your lap top on your vacation and send us a few posts. You will be missed. FXP worked out great .. I, and my family, trully appreciate the alert. Have a great time ... use plenty of sunscreen :)
ReplyDeleteVacation delayed! I'm still here. Bought some DUG at the open.
ReplyDelete