It feels like we have an endless uptrend. The money flows in the beginning of January are always tough to fade on the short side. I assume an avalanche of pension fund money came into the market yesterday, and probably some leftover for today and tomorrow. It is notable that bonds were weak yesterday, which probably means pension funds were selling bonds to raise cash to buy stocks.
I still believe we top this week, but I don't want to go all in here, waiting to get short in stages.
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4 comments:
Downleg is looking good, especially on the Russels.
what do you use to short? ES?
yes, ES, but sometimes leveraged ETFs.
when did u ever use leveraged etf's to get short? u mean like faz, tza, and drv? i know a guy who trades those. He's good
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