Long Bias

The market is reaching extreme levels, which gives me a long side bias. However, I won’t take any full size positions until I see more weakness. We still have not reached the extremes of the July lows, and indicators like T2108 still need to drop a bit.

I also like the commodity sector. It held up well today, and could be carving out a bottom prior to the overall market.

I was stopped out of ARO and LOW for small losses today.

2 thoughts on “Long Bias

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  1. “More weakness?” We haven’t seen two close down days like Monday and Wednesday in a long, long time. BeSpoke suggests it’s since the 1987 Crash.This feels way more extreme to me than July 15. VIX is higher too.It’s gonna bounce.

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