And it follows the concept I mentioned yesterday.
Take your technical tools, and your charts, and your platforms, and your secret little tool that you don’t want to tell anyone else about? And just throw them all out the window.
Just stay in cash until October 1st.
Just … stay in cash.
We have been discussing price points a bit lately. However, at the moment, I think the value of price-points in this market means jack-squat. It’s all a jumbled, confused mess. Some think China will lead to a crash. Some think this is a minor correction. There are those concerned (and cheerleading … I’m looking at you CNBC) about an Interest Rate hike in September. What do I think? I think that the Bull, and the Bear found each other on a deserted, wind-swept street … they both went for their pistols … reached their guns at the same time, and have shot one another dead.
That’s what I think.
I hedged off my longs this morning, because I am not going to be giving up the advantage I have built up over the market since June 9, 2015. I’m nearly non-directional. But I also have a slight hedge going on, just in case the Fed decides to chop everyone’s heads off ala Volcker style.
However, if you don’t want to swing from the rafters as I am doing? Just … stay in cash, at least until October 1st, 2015
It sure as shootin’ has been beating almost everything out there as of late …