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Gary Dean is the founder of Marketspath has been a trader and in the investment community for over 15 years. He started Marketspath in 2004 by giving some free trade ideas to friends and family members through a free e-mail based web site. Within 1 year of starting that free little service,... More
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Marketspath LLC
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  • Expect Chop-Bias Could Be Down Here

    We have been long the Russell 2000 all the way up to the gap up open last Thursday, where we moved to a cash position. There are reason to believe we are about to enter the nail biter to the downside soon. The Vix, which gave us the heads up to get long, while everyone was looking lower, has reached the 19ish target area this morning.

    If the vix does what I think it will do, we should see equities come under pressure over the next few days. Once that nail biter completes, I expect new highs to hit and it should come in a rocket style move.

    For now, cash is king until we see the dust settle. Once our timing systems give us the ok to either go short or long, we will watch from the sidelines. Getting into a trade " just to be in a trade" is not our style. Do not be afraid to miss a move-there will always be another one to follow. Good luck trading-

    Jun 11 11:44 AM | Link | Comment!
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