Friday, October 9, 2015

Relentless Rally

We never got the sell the news reaction on FOMC minutes.  But I am short term bearish now that we got the good news pop on a dovish Fed.  As if that's really a surprise anymore.  I will wait to short on Monday morning but expecting a trip back to SPX 1990 next week.

This is to just to play a short term pullback next week, I am expecting more rallying to come in the weeks ahead, so not going to stick around for long on any shorts next week.  The markets are getting boring again as the VIX is a teenager again.  Will trade less in weeks ahead.   Saving my bullets for a better opportunity down the line.

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