the stock rotation has begun, all the safety stocks getting slammed hard today. seems like the rally is on for real. just in case to hedge my longs i bought some vix around 2079 on the s & p. yup a bunch of people who are getting impatient on the sidelines about to have some really bad trade location because of the fear of missing out, we should rally even more from here, i wouldnt be surprised if we reach 2100.
Hold up, not new lows yet. In defense of my down vote for this week... Lots of garbage fires out there. GPRO and FIT are big gainers, while FB gets smacked. And the biggest of 'em all, AAPL has not broken its resistance yet. So, in honor of the garbage fires (how do I start the video at 2:00?)
Can't find a MBLY thread. ...well Citron back on the attack today. http://seekingalpha.com/article/396...-share-insiders-know-goldman-sachs-knows-know A couple days ago I read a story about Ford working on a LIDAR autonomous system, that could drive itself in the dark eg if headlights fail.
I am not convinced yet that we are in a risk on rally now personally, but those defensive and chase for yield plays definitely got hammered today.
the dollar just will not chill, jumped from 93 to 95 in 3 days basically, wow! oil and commodities taking it on the chin right now
Yeah they recovered that one fairly quickly. Daily still looking strong #CL_F #USO levels to watch 42.79 / / 41.17 / / 39.58
"it is just rare to see the defensive tobacco stocks down 3 to 4% in a day" "the dollar [...] jumped from 93 to 95 in 3 days basically, wow" This is why I agree we're not on a risk on mode as well. Volatility defines a bear. Money is moving very quickly and the trading programs are f^(king with everything. Everything is getting adjusted down, and with rates and unemployment at historical lows, we don't have much of a cushion. Eventually things get reset. I have this nagging feeling that when it does go, it is going to be brutal. Starting to go more to cash. Rather than try to make money on the bear, I think I'd rather just protect assets so when stuff is on sale, I'll get it on the rebound.
ive been in 30-40% cash since the rebound before the 2nd decline in February, because while we may even get close to or make new highs here, thats only what? 2-3% more upside? i think we will roll over sometime in the next couple months, but i dont want to be caught off guard by it, so im mostly long with one hedge, the vix. would you short oil into the sunday meeting?
