PUNKS JUMP UP TO GET BEAT DOWN
Today I was the punk and I got beat down. Not a pleasant day in the least bit. Comes with the territory, however. Needless to say, my recent assessment of the markets was off. It doesn't mean that one should be jumping to the bull side, thinking that we have put in a solid bottom.
Wednesday I will be assessing risk in the portfolio and decide whether to reduce short positions. For now, I have held onto all inverse ETFs. I also added EUO today at 16.55. A long US Dollar play. I would like to add more to it if the opportunity allows. I talked about the USD in the weekly chart review yesterday.
Today was a ripper extraordinaire. I'll now go and tend to what is left of my face.
