DXY: THE BOY WHO CRIED WOLF
DXY has the look like it's rallying, TLT has the look like it is rallying. VIX looks like it is gonna rally. GOLD is faltering. Stocks have reached a major resistance.
I no longer feel comfortable in the market and prefer to have 90% cash instead. The other 10% is evenly distributed in DXY, TLT, UVXY. I will add more to these holdings if DXY shows that this is a sustained move up. If DXY loses support at 89.9 it can go down to 88 before reversing. Stocks would go up in this scenario; but for a 1-3 weeks at most.
I will be looking to short Gold and stocks with the rising dollar. More updates to come.
I no longer feel comfortable in the market and prefer to have 90% cash instead. The other 10% is evenly distributed in DXY, TLT, UVXY. I will add more to these holdings if DXY shows that this is a sustained move up. If DXY loses support at 89.9 it can go down to 88 before reversing. Stocks would go up in this scenario; but for a 1-3 weeks at most.
I will be looking to short Gold and stocks with the rising dollar. More updates to come.
Comentarios:
UVXY,TLT,UUP,IEF,EDV,VGSH and shorting big tech made for a very successful day. Most people on here just throw down numbers and call. them waves and fib to predict price. Or they use an irrelevant trend line. It is a lot more than that: bond auctions, dxy, gold and global markets should be considered for every place.
