There is divergence everywhere……the down move has been historical.
It’s getting close to “bounce time”.
I assume we make a short term bottom here in coming days….then bounce thru April. This could very well be an “epic” bounce – but please keep in mind – a bounce all the same.
Hot Air Kong
I’m closing shorts, and keeping a very close eye on The U.S Dollar as we now know the Fed will begin formal QE operations once again ( hmmm…….I remember saying something about that months ago )
You know what that means right? Printing more confetti = US Dollar Down. Stocks will bounce and USD will fall. Thursday’ish?
This trade is setting up 100% totally classic Kong.
We bounce before the “real downturn” begins.
Kong, you are brilliant !
I think you will find that the USD is actually the strongest thing on the planet right now as well as bond yields.
dead cat bounce?
I think this will be quite the rally actually Dan as…..the FED has now started QE again.
They will be buying buying buying, and doing everything they can to get consumer confidence back.
I plan to “get long” here very soon with ideas that we bounce thru the entirety of April…at which point I will sell everything and get short for a “significant” amount of time.