*closing hour action: new highs in the closing hour... absolutely nothing for the bears to cling to.
**closing bell at the NYSE rung by Direxion... arguably.. the bane for most equity bears since 2009. Their tag line should be 'statistical decay is a bitch'
So.. the week starts positive... despite the overnight declines.
We've a clear floor sp'2019.. with VIX having maxed out around the key 20 threshold.
In many ways.. for those bears wanting to re-short.. its arguably a case of 'turn ya screen off for four weeks'.
I am holding to a no-shorts policy... will consider picking up a few long positions (if the mood takes me) on any minor retrace, whether tomorrow.. or more likely... Wed'.
'Normal service' resumes in market land...
|Happy.... so happy|
more later... on the VIX