Tuesday, March 4, 2014
US market goes back to its uptrend
Dow transports moving up is confirmation of an uptrend, no?
R2K outperforming the SPY and breaking to a new high is proof of a bullish uptrend, no?
Regional banks going +3SD must mean housing, small financing, and the spread are going to improve, no?
The chart is the chart.
Yeah I own some ZUB, Canada's equal weight banking ETF; and HSU, which is the SPY 2x long. But no IWM. And I still own my Europe, though maybe that's set to underperform for a few months - I like the dividends.
Wanted to buy more and zero my cash yesterday, but didn't get the opportunity and was too scared to expose myself to continued downside risk.