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.
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2 comments:
Should I pull out my 401k and take a penalty or leave it and ride the wave?
Leave it and ride the wave but hedge by shorting ES.
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