BUT, the broad market has rallied for an unbelievable 3 straight months without pause.
Although April is traditonally a good month for stocks, the months that follow, May and June are not. This is the time to consider shorting. Since it is the small caps that get sold off first, shorting the Russell 2000 is the natural choice. It is at resistance now.
Slowly placing my bets on the short side.
Update: I have decided against shorting after noticing supports of key indices and blue chips are holding steadfastly. Will look to long instead.
No comments:
Post a Comment