SPDR S&P 500 (SPY): Boy I blew it yesterday afternoon. Sign...

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Friday, 03/06/2020 7:03:41 AM

Friday, March 06, 2020 7:03:41 AM

Boy I blew it yesterday afternoon. Signs were telling me to short equities (especially Spxs, Tza, faz, Russ), short oil (Ery, Drip), and long gold (ugld). I sat on my hands. Maybe there’s still time to buy this am. I was worried about a 2% opening gap down taking all the profit before I could get in this morning because we have gotten close to previous low, but selling may continue after the opening bell. As long as we are under the 10dma the bias is to the short side.

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