Well not much to say over the weekend - still 100% short and very bearish markets. Still waiting for the sell off to come , but we are just slowly slowly creeping higher......reminds me a lot about the highs in april before flash crash.
SPX and markets needs to stop creeping higher here, cause if they move a lot higher, they will break the big trendline from the highs 2007. Markets are so close to it now, that we can get, so lets see if we wont get a big nasty reversal from here.
VIX found support too...
"Our view is that the stock market is substantially overvalued here, and that investors continue to be diverted from the big picture by the clown carnival of short-term news and investing-as-sport that is celebrated on financial television." (John P. Hussman, Ph.D.)"
Not much to say , target still 942 SPX this month.
Lets see what this week brings us....
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