Friday, January 22, 2016

Areas to Sell

This is a short squeeze Friday, and we should be able to push higher today, even off a big gap up open, as the crowd gets bullish on hopes that Wednesday was the V bottom.  I am skeptical that this rally lasts beyond today.  Starting next week, we should start selling off again as reality hits that we're no longer in a bull market.  Looking at the following areas to sell:  ES 1910 and CL 31.60.


Anonymous said...

Should I pull out my 401k and take a penalty or leave it and ride the wave?

Market Owl said...

Leave it and ride the wave but hedge by shorting ES.