You may or may not be sick of hearing - stocks hit all time highs yet again today. In tonight's video I want to give you three thoughts on this rally and how I'm trading now...
I really hope your subscribers are not holding large negative delta positions.
This market can go up for quite sometime......all the indicators are positive here and around the world. Europe has rallied more than the US since the election.
Renn
February 22, 2017
Hey Ron, clearly you haven't seen this movie before – I think doc has a great point! You have to be insane to be going long deltas here. Every indicator by every metric shows the market overbought and overvalued.
I livethrough 1999, and it feels a lot like this – you have to take profits when you see this. Nobody ever went broke taking a profit.
2 Comments
RON
February 21, 2017I really hope your subscribers are not holding large negative delta positions.
This market can go up for quite sometime......all the indicators are positive here and around the world. Europe has rallied more than the US since the election.
Renn
February 22, 2017Hey Ron, clearly you haven't seen this movie before – I think doc has a great point! You have to be insane to be going long deltas here. Every indicator by every metric shows the market overbought and overvalued.
I livethrough 1999, and it feels a lot like this – you have to take profits when you see this. Nobody ever went broke taking a profit.