Hweb, well today I put my money where my mouth is. I put 10% of my portfolio is SDS at $30.46, as I dislcosed earlier in a previous post.
The market are absurdy overbrought, The Indexes and pick one is trading somewhere between 7-10% higher than the 50 day moving averages, which is something that might not happen for more than once or twice a decade like conditions. RSI for the most part are near or over 80 for each of the 4 big indexes. The RSI on the Industrials is almost 87, that is heading near 90. These are like once or twice a decade like conditions. The last time the market was about this over brought was mid janauary 2018, by early to mid february it dropped about 11%+ on the 500 index at the trough. So not exactly the time to be going on any kind of buying right now in my opinion, and personally a time in my opinion for some short-term bonds, cash, and some shorts, the composition of that is based on risk tolerance. I'm overly perhaps too confident, that this market is going to go down and correct decently over the next month to 6 weeks if not sooner. Time will tell. But that is my thoughts anyways. All is just my opinion, and I could always be wrong though.
