Gary Tanashian is proprietor of Biiwii.com. Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium newsletter Notes From the Rabbit Hole (http://www.biiwii.com/NFTRH/subscribe.htm). Complimentary analysis and commentary is available at the 'Biiwii Blog'... More
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Pre-FOMC NFTRH Update (excerpt) 0 comments
I am a chronic risk manager and others may not be that way. So there is no recommendation here other than to stay balanced until we get the FOMC behind us. Cash is a great position when pending questions are yet to be answered."
After the Fed, I promptly added SCO, QID and a short on the QQQ to the BOM, DUST and DUG positions. Not looking to make money, just looking to manage risk for now.
This morning subscriber Pierre sends this note, which makes it all worth it for me:
Subject: Well Done
"Love it when there’s a plan … makes me feel like I am not just tossing cash around blindly.
Right now sitting on loads of cash!"
It's all about having plans amid a world of players either without them or operating on faulty ones.
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