I did not like the early morning action when the market rocketed skyward, so I took the opportunity to get out of the QLD prior to the beat down. While the CMI continues to trade the QLD, I will be sitting on the sidelines or possibly setting up a QID trade to switch to the other side before the crowd rushes in.
Is this the market collapse that I have been predicting all year? Only time will tell but it sure looks like a 'bad moons a risin', or maybe 'a mercury a retrogradin'?
The sidebar year-to-date gains have been updated. I do not want to root against the CMI but I will try to take advantage of a market slide and put some distance between my trading and the mechanical system.
Bluesky Says It Won’t Screw Things Up
7 hours ago