Bigsky Investments®
  • Home
  • Equity Research
  • Blog
  • On Watch
  • Market Data
    • Portfolio
  • 🌲

Contrived Bounce

10/20/2014

0 Comments

 

The market has already snapped back from the intense rout of selling we saw last week. Each day has felt more tepid and contrived than before. Ebola stocks, which I had been playing long with some success pummeled me today and are as good as dead. Todays pathetic volume speaks to the conviction of buyers. You can tell that bears are patiently waiting on the sidelines for a good entry. Nobody wants to short in the hole. Sure some permabulls think that was just a 'correction' but the smart money knows that the bull market has been exclusively funded by central bankers. When that money supply stops growing there is simply not enough extra money in the world to buoy stocks any longer. Bring on the Bear, I seem to thrive in volatility anyways. It's too hard to trade in calm waters, you get bullish on something, want to believe, want to hold long and it just gets wrecked. Bears always get the last laugh..

Picture

I'm looking for the 193 area around the 150dayMa to initiate shorts and position myself for a crash/new bearmarket. However it it gaps up tomorrow and starts to roll over, I may just initiate then. This contrived rally is on it's last legs.

0 Comments



Leave a Reply.

    Picture

    R. J. Sullivan IV

    Equity Research
    Portfolio Management
    ​Trading

    Picture
    Picture

    Archives

    September 2019
    March 2019
    December 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    April 2018
    March 2018
    January 2018
    October 2017
    July 2017
    May 2017
    April 2017
    March 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    November 2013
    October 2013

    Categories

    All

    RSS Feed

© BIGSKY INVESTMENTS®​

DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER BIGSKY INVESTMENTS®, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.