The FED comments are hurting Gold faster than expected and especially Dow stocks are weaker than Nasdaq as of now This is an update from yesterday – Adding short exposure – Tech not trading lower – NDX
If they market wanted a reason to trade lower. Here we got it. The Fed is starting to modify the narrative. The short will be targeting some key sectors that are clearly over extended and bond ETFs. Not modifying the Option Strategies yet nor the Commodities
In the past the market was trading higher the day before a FED announcement. Today was not the case. This is raising some flags for me. I will ready for surprises tomorrow.
Here you you have a nice picture of the NDX and SPX since the open of Sunday. On down days, I expect the SP500 to do a little better than the NDX Overall my position is still long US Equities with Options and Futures and long metals Silver and Gold
If my last comment from the blog at MAY 20, 2021 5:24 PM made you go short. You can pay attention to the info below. I am developing a exit strategy for those positions as of now just in case the last Friday low is taken out. NDX and SPX
Since 2012 the avg for May is 0.12% with an STD of 3.67% – Today, in my opinion, negated all the negative sentiment. Today’s price action negated my bearish sentiment I was caring because of the May data since 1928. If bears do not show strength – I am going long as well. Here you
