With VIX over 40 again (Monday and Thursday) and we're back to the low of the week, I think this is it!
- We're going to bounce back and have a very strong rally.
- Or, we're going to crash like 10% or more, like the 1987 black Monday.
- I think we're going to have a rally. That's my judgement, and I put my money in financial, and today added MOS and UYG.
- I sold TSO and WNR yesterday and switched to UYG. Just one day, I lost about 2-3% in UYG (comparing to the price I bought UYG yesterday), and I actually saved myself about 9%. Since both TSO and WNR lost 11% today!
- I also added KOL and CNX too early in the week. Since both are down like 10% today.
- Considering everything is sold in market, including gold, I think we're nearing a strong rally. Looks like people are exiting everything and hold on to cash. Either this is a great opportunity, or this is the great warning of a great crash!
- MS and UYG are showing strength today, down 4% and 7% respectively. Usually, they'd double or triple the precentage of down side of the market.
- If the bill is passed, the one sector that benefits the most is financial. Therefore UYG is my choice.
- This is it. We either will have a strong rally or a great crash.
- If we have a small rally, then we may have a sustained rally. But I think most people will use rally to sell their positions, and a strong rally like Friday and then Monday is the most likely outcome.
- I hope I am right.
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