We're pretty "bear-ed up." We are about to go into a historic amount of global change. After the short squeeze rally ("Trump Rally") which we called for 9:32 am after election day we went to the sidelines the next day. The market rally right now is price and momentum driven. That said, fundamentals are about to enter a period of uncertainty of historic proportions. Who would disagree with that one? Markets (SPY) (QQQ) (IWM) hate uncertainty. Uncertainty means volatility (VXX). Hold on to your hats.
We've been pretty bullish of late.
(click to enlarge)
Source: Interactive Brokers
Above we show a chart where we were making both fundamental and technical market calls. The market looked pretty good to us.
We called "Stock Market Should Launch After Elections." We said in that piece, "We expect the market to lift and maybe launch, potentially on either candidate winning."… Read More …