Tuesday, February 16, 2016

Recent Rally: Time For Bull Market Now?

No, I don't think so.


At least, not in my opinion.

The S&P when from 1807 to 1894 and that's a gain of about 4.8% in a relatively quick amount of time. 

I cashed in some profits when the S&P was near the 1800 level, and I have since put back on my shorts and increased my position littered around the 1875-1888 level.

With the EUR sinking because of Mr. Mario, things are playing out as I expected, with the USD bouncing, which would go on to sink gold back down into March. That might then might create a higher low and be a confirmation for a trend reversal.

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