Can You Handle the Volatility?
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Volatility has been front and center to kick off 2016. Yes, 2016 has been good for Don. But, all experienced traders know the biggest move you’re gonna get is the short covering rally. I wouldn’t be surprised to the SPX back to 2000 by Friday. This is not the time to start buying puts. Wait for the “rip you face off” rally to the upside before establishing new short positions. Stay focused on the broader market. There’s going to be very few glimmers of light when the overall market is being slammed.
