Sell/Hedge SPY imo. - I am buying more VIX (see mye last posts).
Hi folks!
Please see my linked post for a much more thorough argumentation for my positions - both technical and (the much more important) fundamental ones.
An update on the current since my last post:
- SPY still snuggling on the resistance that is the broken trendline from march/april 2020.
- The Fear and Greed index just turned "extremely bullish" -historically a great contrarian sell signal
- The Money Flow Indicator - also an important fundamental indicator historically - is flashing a sell signal (i.e. net outflows of money from the market).
A few other points:
- The situation in china seems to be deteriorating (2/3 of Chinas top prop developers has crossed a least one of the "Three red lines" and hence cannot take on more debt.
- No one is yet to obtain more information on the Tether "Commercial Paper" and "Affiliate loans" - a very bad, as the loans are obviously not given to serious parties (as these parties would have stated it otherwise, or it should at least be easy to find information about them).
- Fed meeting today - the market expects tapering, but they might surprise on the pace and/or rate hike schedule.
As mentioned, see my linked post for the other arguments.
I bought even more VIX futures today, currently holding 90% of my portfolio in volatility related contract.
This is absolutely not financial advise - this is just the position taken by a trader who see no better risk/reward anywhere else atm.
DYOR.
NFA.
Never take the word of others as a given, and never take advise from someone without skin in the game.
I wish you all well.
Please see my linked post for a much more thorough argumentation for my positions - both technical and (the much more important) fundamental ones.
An update on the current since my last post:
- SPY still snuggling on the resistance that is the broken trendline from march/april 2020.
- The Fear and Greed index just turned "extremely bullish" -historically a great contrarian sell signal
- The Money Flow Indicator - also an important fundamental indicator historically - is flashing a sell signal (i.e. net outflows of money from the market).
A few other points:
- The situation in china seems to be deteriorating (2/3 of Chinas top prop developers has crossed a least one of the "Three red lines" and hence cannot take on more debt.
- No one is yet to obtain more information on the Tether "Commercial Paper" and "Affiliate loans" - a very bad, as the loans are obviously not given to serious parties (as these parties would have stated it otherwise, or it should at least be easy to find information about them).
- Fed meeting today - the market expects tapering, but they might surprise on the pace and/or rate hike schedule.
As mentioned, see my linked post for the other arguments.
I bought even more VIX futures today, currently holding 90% of my portfolio in volatility related contract.
This is absolutely not financial advise - this is just the position taken by a trader who see no better risk/reward anywhere else atm.
DYOR.
NFA.
Never take the word of others as a given, and never take advise from someone without skin in the game.
I wish you all well.
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