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tangman
11 Oca 2019 19:54

Stocks overbought, one more flush upward to start a dip 

CBOE Volatility IndexCBOE

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My short term outlook:

VIX could crash to support early next week and reverse. I expect stocks, SPY to cool down for a few days to a week.

Nothing to bet large on, but I may enter 1 or 2 VXX calls. Total risk maybe $300.

Meanwhile, the pullback should offer a good entry on marijuana stocks or other value stocks. Risk management is paramount in this environment.

Some of what I'm watching:

INTC, MU, CGC, TGODF, NBEV, ACB.
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