Pinned Markets Suck $IWM $XLF $SPX $GLD

It has been over 2 months since I turned bearish and you would think that I was on the wrong side of more than a 15% move. With all the bullishness out there let’s take a look at what the scorecard is of the stocks that got us here…

Financials – Media says on 12.19.16 that Financials rally will Continue!

—NEWSFLASH— They are down 1.5% since I turned bearish on 12.08.17

xlf.JPG

Small Caps – Small Caps Soar! 

—NEWSFLASH— The IWM is down 3% since I turned bearish on 12.08.17

iwm.JPG

Gold – Is the Gold Rally Over?

—NEWSFLASH— No it is not, it is up another 5% since then and almost 10% this year. 

gld

My point is, the Media is Bullshit still sucking you into this pinned market at the highs…don’t fall for it. 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s