MARCH MADNESS…
So will the DOW Index top 26.6 K in any reasonable time frame, say before August?
Or in the other sectors, will we see copper, energy, cannabis, lithium, cobalt, graphite or energy give us a run? I'd have to say this is rather suspicious, averages running up but NOT topping their All Time Highs.
So smarts and savvy are no longer optional for those who will make it.
There could be more dead cats around, but this one bounced like one, so if it quacks like a duck, it likely is.
The US 30 year bond doesn't look any better.
Pretty much they both mimic dead felines quite well.
Here is a longer-term chart of DOW Utilities that could be a leading indicator:
Rolling over is a good possibility as well as MACD has lost its momentum.
Ask yourself if this is the LAST BUFFALO. XLF is the ONLY SPDR sector to come back to a new high. All the other 8 are down pretty far.
So no matter the sector, or market there are Inverse ETF's you may hedge with.
So far they have been better than options for me in expiration stability. Not easy to handle but right timing is important.
The RIGHT Option? Agile And Aware are two qualities to hang on to. Add in some boldness. Those three about what I use most successfully.
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