I am predicting that US stock markets will have to temporarily close in the next month

banked +174 ticks.

 

Are you shorting this rally ?

 

No. I am waiting for more signs that the panic has returned before getting in.

 

sold Dow cash cfd 16583. 100 tick stop target open

 

Stopped. No sign of any panic today.

 

And as of now, the markets will be open next week.

 

Looks like they will be open on Monday lol. Lets see what happens when the panic returns.

 

Monday in the first few minutes I got Interactive Brokers (IB) S&P 500 halted and showing 1800 points but nowhere on the Bloomberg charts or other charting software the gauge went that low...more like about 1860.

Can anyone explain me why? I thought I added the index and not the futures...SPX is the IB code I added.

Thanks

 

My own opinion is that your prognostication is somewhat overdone. As you have already learned from your bear position during the "money printing experiment", QE was not what you thought it was! I don't think another leg down in the next 6 months or so would surprise anyone who has been around the block a few times. They'll be no 1929 style panic, however, and a further leg down would be quickly bought.

Many traders here are remiss in their understanding of QE. Because QE is called, even by some economists, "money printing", they think it is money printing. It isn't. It is actually something quite different.

 

Thanks for pointing out my typo I was Bullish the last 5 years equities not bearish. My view this summer was that there would be one more push up to ATHs, this hasnt happened and I dont think its possible now until there is a larger correction.