I guess until the Fed and central banks world-wide decide to stop interfering with the market, the normal ebb and flow of price action will cease to exist. That is why you have the VIX flirting with 10, and any sell-off cannot be sustained for any meaningful length of time. I mean, look at the Brexit, that only lasted for a whole two days… that’s right just TWO DAYS!
The S&P 500 is trying to sell-off of late, every day the market opens, it sells off immediately and if there are gains, they are wiped out, but nothing to the downside can be sustained so the market rallies back before the close. Perhaps it is because of the election that is ahead of us, and while I am not overly crazy about conspiracy theories, it is hard to believe that an unaudited organization that controls all Monetary policy for the United States wouldn’t be trying to coast into the election in order to insure Hillary’s election and thereby keep Janet Yellen as the Chairwoman.
But that’s just my thinking…
Oh… here’s my list of short setups for this week. Right now I have one short position in my portfolio. That’s it.
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