The bearish arguments make a lot of sense to me. Unfortunatly, these bearish ideas make a lot of sense to most folks. Many of the people I know are bearish. I am bearish. That view hasn't worked well for me.
I like to think my trading is agnostic, but it is not. If I get a sell signal, like I just got, I jump on it. If I get a bull signal I look for reasons to ignore it. I even hold some of my beraish spreads despite the bull signal. I am trying to take more bulish trades as they appear.
We will see.
Of course I bought some NDX & RUT Aug. puts as soon as I got my sell signal today (Long NDX Aug 2050 puts &RUT 870 puts).
If my next post is to exit these positions and buy some calls I have changed my pattern of ignoring the positives. With options expiration & earnings the fundies will be more important than my cheezy signals this week.
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