The market seems to one with the Whip. Slicing people both ways. First it takes the shorts up by winding upwards on super breadth and then in the same manner, shakes the bulls by its horns again on super powerful breadth numbers.
Going into this holiday weekend (veterans day, bank holiday, school holiday), the heavy selling of two days ago seems like it has been completely forgotten, as the market is up strongly today. VIX is back below 30 which is a good sign. I expect the EU drama to continue.
However our trusted indicator is flashing a sell signal. So one has to respect that and be cautious and protect 401k. I am sitting tightly in CASH with 401k up 31% for the year....
Going into this holiday weekend (veterans day, bank holiday, school holiday), the heavy selling of two days ago seems like it has been completely forgotten, as the market is up strongly today. VIX is back below 30 which is a good sign. I expect the EU drama to continue.
However our trusted indicator is flashing a sell signal. So one has to respect that and be cautious and protect 401k. I am sitting tightly in CASH with 401k up 31% for the year....
2 comments:
WTF !!!!!!!!! 31% up for YTD???
can you manage my 401k ?
:|
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