so which is it? option 1) market breadth stinks and we are headed for some sort of decline; or option 2) market is so strong, it can go up even when breadth is bad and with lots of money yet to come in, when that money comes in, breadth improves and you get a wild terminal advance. i'm going with option 2, at least for another day!
My trading plan right now
Posted Yesterday, 03:36 AM
looking at oscillators, there are lots of upside breakouts. i hate to get too bullish here, wanting to avoid overconfidence, but I think the only question right now is concerning the rate of the advance. will it be linear, with consolidations along the way, or will it go parabolic? what is going to hold it back?
Posted Yesterday, 09:41 AM
looks like the option folks have called another top. got rid of my vxx at loss of .20/sh, so no big deal. one of these days i will revisit that trade. silver continues to do well. position not large enough to make much diff, but it's fun to be right on a call, no matter the size of position.