Gabe, you've called the bottom more than Cramer this year. 2 months ago we were primed for the rally of a lifetime but we sit in the same spot today with a strong chance we break the recent lows. Before we rally, we are going much lower. The money is in the double short etf's buy FXP, EEV, SDS, SMN, DZZ, DUG ect and you can sleep well at night.
David, thanks for the post as always. This feels like a bear market rally based on oil and a few financials beating very low expectations and although the short term trend is up, I still think the Dow is 10,000 by September. The geopolitical issues related to oil haven't gone away this week, guidance has been weak from a wide range of companies and bear markets almost never end at a 20-24% drop, it's always into the 30% range. Just because cnbc is touting a financial rally or the vix "touching" 30 doesn't mean that we have the all clear. I'm looking for V and MA in the short term to rally into earnings and then I'll revisit my SDS and DXD in a few weeks.
Tuesday Outlook: Commodities, Emerging Markets [View article]
Tuesday Outlook: Commodities, Emerging Markets [View article]
Thursday Outlook: Commodities, Emerging Markets [View article]
Friday Outlook: Commodities, Emerging Markets [View article]