If It's Any Consolation...

If it’s any consolation to the bears, it’s probable that today’s gap-up could mark the VST top. So, it’s likely the market could reverse lower either today or Monday. Of course, as advertised since Feb. 6, I’ll continue to trade on the long side on these dips. I’d welcome some pullbacks here and there so that I’d have the opportunities to trade the VST for cash. It’s tough to short this market… Every time I’m fighting the inner demon of trying to short this rally, I keep asking myself what would be the reason for me to want to sell the profitable long positions that I had established since Monday, Feb. 8. I couldn’t come up with any. I’d write calls or buy puts to protect my profit, but I wouldn’t sell. Perhaps Milbank hit it right on the button. It looks more like a 3 do-ji and a don’t- ji… Take it easy, guys…

If it’s any consolation to the bears, it’s probable that today’s gap-up could mark the VST top. So, it’s likely the market could reverse lower either today or Monday. Of course, as advertised since Feb. 6, I’ll continue to trade on the long side on these dips. I’d welcome some pullbacks here and there so that I’d have the opportunities to trade the VST for cash.

It’s tough to short this market… Every time I’m fighting the inner demon of trying to short this rally, I keep asking myself what would be the reason for me to want to sell the profitable long positions that I had established since Monday, Feb. 8. I couldn’t come up with any. I’d write calls or buy puts to protect my profit, but I wouldn’t sell.

Perhaps Milbank hit it right on the button. It looks more like a 3 do-ji and a don’t- ji…

Take it easy, guys…

I remain short (and obviously WRONG!) via inverse ETF's... but I am planning on trading around this position with options....

Interesting the relative advance volume on the Nasdaq had just dropped 10% at around 11:40... Hey Bubba, there's no one I'd like to see doing well more than you. You go big guy! I'm rooting for ya. Later...