I am slightly LONG, with partial HEDGE SHORTS
Also holding 32 TLT CALLS and 40 UVXY CALLS
Painful SQUEEZE on SHORTS but my FF is retracement until FED event on Wednesday and then a wild 2 days to end the week
I am not confident this rally can persist for more than a week or so BUT IT CAN SURVIVE and LAST FOR WEEKS if the FED pivots, even a soft pivot or tilt.
FED WILL raise 25bps, PAUSE, and also try to TALK DOWN THE MARKETS.
In this volatile and erratic trading environment I will continue with VST and ST trades until market settles down -- but that may never happen for weeks or months
NEW BULL MARKET is here now in very early stages but can suffer a few setbacks before taking off to new ATHs by end of 2023,
Geopolitical events can smash the market for months so that is the caveat for any FF