why is the dow off 30 points, doesn't make any sense....all I know is major earnings week should bring in a large amount of buying especially with japan china and europe surging day in and day out......
back in YANG at $5.25, couldn't resist, made some money on it last week after china markets took a dip, even if china or japan markets don't dip Ill average down...even though I know these markets give away free money sometimes you get that frame of time where there is a little blip and the markets pull back.....
if nasdaq wasn't strong today the dow would have been off triple digits by now, nasdaq is holding this whole market together today....lets see if the dow brings the nasdaq down or the nasdaq brings the dow higher by the close....nasdaq up .50% or 25 points right now to 5019
Im usually 90% short with a few longs here and there added in my holdings.... I bought TNA and XIV on that massive once in lifetime dip on friday and sold out TNA yesterday, still holding onto XIV and bought YANG this morning after selling it last week at a profit... I would only go 50% long if the markets fell over 30% 75% long if they fell over 40% and 90% long if they fell over 50% until then Im staying as short as I can be with a few long positions here and there...
I am just saying, assumption that markets will keep climbing as long as central banks keep easing is basically just that, an assumption, but once it evolves into a conviction it becomes a risky mindset.