Bloodletting Continues

Posted on Nov 3 2016 - 4:07pm by Sharpe Trade

After more than 3 months of remaining neutral on equity indices, on Monday we stated that we were now bearish on equity prices.  And the bloodletting continues today with the SPX down another 1/2 percent at the time of this writing.

There are no predictions as to when the selling will cease.  

But let me let you in on a great “market secret” …

When the market is selling off, you want to be short for your particular periodicity.

It’s really about as complicated as that; and so we remain … bearish on equity prices

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