Carl Spackler

Shorting to Take Advantage of Overbought Market

Since the top of this market was reached, the last 4 times the market crossed to the upside over the 50 day moving average, it quickly retreated. It took during these 4 trips over the 50 day MA only 4 days, 3 days, 36 days, and 14 days before the party was over and the declined resumed. The average days hovering at or above the 50 day MA was 14 days. During bear markets, breaking the 50 day MA only serves as a mark to sell, not a reason to buy. Sell into this rally - do not buy!

Are Safe Haven Investments Really Immune From Current Crisis?

Nice cowboy hat there!