I don’t think there will be a panic, however be aware selling begets selling.

For traders: it is prudent to be cautious. Selling begets selling. (I’m just referring to short term mostly). Healthy selloff! Allows one to get back in at lower levels. I’ll allow it to consolidate and then re-enter. Been out of SPXL in the retirement accounts since Jul16th/Jul17th. See past posts. Best wishes to all.

“Fed in a Box” Another great report! Thank you. Fundamentally I would agree that we see a higher market in the medium term future. For now, I’m happy that I’m out as of the 16th and 17th on the retirement accounts. We will see what earnings this quarter will bring. I’ll consider getting back in lower or with some sideways chop, I will go long…[Read more]

Watching futures and overseas markets. Happy that my 3X bull etfs, still intact: EDC,EURL,YINN.

Recently, an excellent output of reports from Finom Group! Thank you.
With that being said, I sold most of my retirement fund yesterday (July 16th) and the remainder today(July 17th).
I was in SPXL and had been in it for a long time. I may be wrong, maybe just a pullback, we will see, easy to get back in.

Regarding the State of the Markets video (SOTM) 5/16/19 (today) You will not find someone who can hit it out of the ballpark better than Seth. He is spot on with his reporting of China’s joint ventures with other nearby countries. I experienced this firsthand as a cargo 747 Captain flying into China’s neighboring countries several years ago. I als…[Read more]

Tuesday Aug 7: Lightened up on some of my stock longs on the gap up. Reduced my short vol holdings in the first 15minutes of the market open for a nice gain.