Volatility is really starting to pick up as seen in the chart below and that spells opportunity. I’ll continue to play the short side until the markets reach a very oversold state or my timing signal turns back up. The only other wrench that could be added to the equation is a debt ceiling resolution that investors feel is positive and I’m not even sure that can save the market right now. With no QE3 to support the market I think the whipsaws are going to get worse and it’s most important to have a plan and trade it no matter the intraday moves.
There will come a time to go long again but no is absolutely not that time in my opinion.
In the video I mentioned how all my trades have complete transparency on Covestor.
No comments:
Post a Comment