Tough to Be a Bull

Posted on May 4 2016 - 3:30pm by Sharpe Trade

We visited the same region so many times today on the ES tape, I was getting ready to sing “Hello 2041 my old friend … I’ve come to talk with you again” to the tune of Simon and Garfunkel’s “Sound of Darkness.”

It’s not that I wouldn’t buy this market with both hands.  It’s just that I can’t see any reasons to buy this market; per our processes.  We remain bearish on equities.

It’s tough to be a bull as of late …

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

  1. mappy May 5, 2016 at 3:33 pm - Reply

    I’m stopped out of AA. Lost 10% in 4 days. AA is junk right now. I’m not holding and waiting for it to drop even lower.

    I think the metals/commodities are over extended.

    I’m thinking the dollar index may bounce higher.

    Still long WEN.

    May put my money where my mouth is and buy some AWK. I think MCD is a safe bet as well.

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