Tue Aug 16 6:30pm PST
Starting a short position. Small size but I can’t sit here and not get short. I know, the latest bill slaps taxes on buybacks next year. There’s a hoard of cash on the sidelines looking for action. There is a hoard of money managers convinced the Fed will come to the rescue. Yes, this market could continue to gather steam. Stops will do their jobs and I will look for higher entries. Current stops are at 4626. For you techs, SPX at 200 MA and RSI on the moon. What’s not to like?
Good trading!
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