16
May

Summer Bear Suit by Request $SPY $IWM

The market continues to go sideways and I am neither bearish or bullish here as we have neither lost support or held onto highs. Even the $IWM is basing out at a support level after losing the break of its down trend. And the divergence between overbought in SPY and oversold in IWM is more divergent than we are accustomed to seeing so mixed signals prevail and I remind myself that cash IS a position and delays cost less than losses.

That said, I have had many requests to see my summer bear suits and although I am not ready to wear them to dinner, I am happy to try them on.

BW_BW1390_C2013

 

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