SPY SHORT : Don't be fouled!
Long for today, short for the week.
Don't be fouled by the news. It is a bounce of the dead cat
We say: Buy the news, sell the rumours, but the invert is as valid. Buy the rumours, sell the news.
Today is a good opportunity to cut a bit... 1/4, 1/2... You know how you'll be comfortable.
Just a reminder: Even if a real deal is done and the interest is reduced, it's already in the rally. This market needs a pullback.
That is why, I am long for today, short as soon as it weak.
Be prudent! That's all. Maybe reducing exposure. An alternative could be GOLD, BOUND, Bank stocks, Bio stocks are all good alternative.
I wish you all the best! Have a good trading time!
Waz
Don't be fouled by the news. It is a bounce of the dead cat
We say: Buy the news, sell the rumours, but the invert is as valid. Buy the rumours, sell the news.
Today is a good opportunity to cut a bit... 1/4, 1/2... You know how you'll be comfortable.
Just a reminder: Even if a real deal is done and the interest is reduced, it's already in the rally. This market needs a pullback.
That is why, I am long for today, short as soon as it weak.
Be prudent! That's all. Maybe reducing exposure. An alternative could be GOLD, BOUND, Bank stocks, Bio stocks are all good alternative.
I wish you all the best! Have a good trading time!
Waz
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