Sold Down Some Longs

I have sold down some of my longs. I am now market neutral.

2 comments:

Chaos! said...

Market may have 2% more upside in this leg. Divergences everywhere mean next down leg should be bigger than recent ones.
Selling should start by early next week at the latest. Get ready for some fun action.

Anonymous said...

I just realized now that the SPX has looked around 90% the same as the EUR/USD.

The EUR/USD looks to be a double top.

It just reversed today. Earlier this morning it looked like it was going to bust through 1.50.

The market did the exact same thing once the EUR/USD broke down today.

I see what is going now. There are programs all over this market that are switching between currencies and stocks just as the mkt pundits have been saying all along dawg.