Well, GMM was/is up today, but big gap ups @ GMM usually fall back to trend the next day.
Anyway, viewed from a swing trader's perspective, right now money is best kept in pockets. The next 48 hours on Wall St is critical, critical, critical stuff. There are two options that I see (1) imminent crash (2) head-fake rally and then crash... and these are sentiments of someone who is typically a pragmatic bull.
Anyway, i'd rather miss out on a potential 10% here in the next day or two, than wake up to a gapped down and crashed S&P500, a VIX spiking 50, and week-long fire sale on the ASX. Right now that risk is too great.
As the saying goes - bulls make money, bears make money, but pigs always get slaughtered.
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