It’s a Toss Up …

Posted on Mar 27 2015 - 8:31am by Sharpe Trade

I turned bearish on equities on Wednesday around 10:00 am, and I’ve remained bearish since that time.

Support has held at the 2050 region on the Spoos, and that’s the level to watch.  At the same time, I’m looking across the bond curve, and though giving us a half-hearted rally through London … on longer time-frames it seems like she is turning over to higher yields.  I have no clear edge at the moment in bonds, but I am watching that 163’20 area in the June 30-Year as resistance.

It’s wait and see with those levels. 

But until such time we see a break one way or another, I remain bearish on equities. 

When the current mark isn’t giving you a clear edge, you go with your quondam outlook on the markets.

So for now, I remain an equities bear …

1 Comment so far. Feel free to join this conversation.

  1. Maduane March 28, 2015 at 11:01 am - Reply

    Hey, great song:-))
    btw, have a look at this great video highlighting the power of permanent portfolio. https://www.youtube.com/watch?v=h_NsB6pTemU

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