Breakwave Dry Bulk Shipping ETF (BDRY)

[JLmyhero]

I'll know when the bottom is in...PICB

Okay so I personally won't know, but the market will tell me. My canary is PICB which rolled over from a buy to a sell just yesterday after falling off a cliff this past week.

This bond currently has everything going against it from a risk on standpoint, being a corporate, growth dependent bond, measured in Euros/Pounds/CD. Only thing it has going for it is the investment grade label, but in this environment no corporate bond is investment grade!

If you took UST and added UUP you'd have the exact opposite of PICB.

So....

When PICB turns 'risk on' I'm moving out of UST and King Dollar 'risk off'.

However, as I mentioned PICB turned south just yesterday, and once it does it can run south (as well as north) for well over a year!

As Jesse Livermore so famously said: 'There is only one side to the market; and it is not the bull side or the bear side, but the right side'.