Feeding off of pain and euphoria. Find me on Twitter @greenlander1
Tuesday, March 1, 2016
Mar 1 - Bears get mauled
Retail bears loaded onto the boat towards close in what looked like a set up by the MM's. Lots of divergences yesterday in junk bonds, up/down volume, overall volume, put/call ratio which made me suspicious. Still long from yesterday and looking for a pullback/ consolidation or a quick pop to 200 SPY to pull profits.
Treasuries losing a bid causing it to break the descending trendline
Breakout over wedge/ triangle in emerging markets
HYG blasting off
SPY very overbought but no divergences. Willing to chance a pullback to see if we get another push up as we are very close to a potential sell zone.