Last year in March, the S&P dropped down to 666 and it started a great bull run. Well, today, the Russell 2000 hit 666 as well. How about it….the start of another bull run?
I was stutter clicking today, afraid to go long, but my best wins are when I’m afraid to buy. Today was one of the best days I’ve had trading the ES to the long side. I also added some UCO C GTF….yes, to the long side. Position sizes are not large, but I will add to them if….no, when, they take off.
Of course today’s heavy selling into the close gives me some trepidation, but I think we’re close to a bounce, if not a more sustained up move. While you’re waiting, here’s some notes to look over:
Commodities — the Crash You Didn’t Hear
Jobless Claims tomorrow morning and optione expiration on Friday. Buckle up, time for a ride!