Tuesday, March 3, 2015

Well for crying out loud, either roll over or don't

Three charts, check the last candle on each:

Sure looks like high-yield wants to roll over.

 Sure looks like Transports gave a failed Dow Theory signal.

Yet shorting the near month volatility doesn't look that bad... though maybe that's just cos the XIV trade just spent six months getting slaughtered, so maybe the XIV speculators have all left for the next big thing.

Though at the same time, TLT and UUP still aren't showing strength.

This would be a very annoying market if I didn't already have a ton of profit booked. As it stands, I'd really love another 5% "crash" so I can go back to a heavy leveraged-long position and make more money.

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