Stock Market, 2 Hours In

Some thoughts nearly 2 hours into a fairly eventful day…

All of my regular stocks are green or flat.  That includes NFTRH+ standout Intel.  One thatwas red was Lattice Semi, a fellow NFTRH+ which was sold at a loss.  I personally jumped the gun on the buy but the actual ‘+’ buy target has not even been reached yet.  So it’s back on watch.  Also sold was the SOXS Semi sector short that was guarding LSCC.  It was sold for a profit, although it did not offset the LSCC loss.  That’s show biz.

I have by the way had more losses than gains trying to poke the market short lately.  I am currently holding one short, against big tech.  But that is because I hold big tech long.  If the market makes some more southerly hints, I’ll consider increasing shorts.

Here is a chart that people should pay attention to.  It is junk debt vs. supposed quality debt (HYG-TLT ratio).

 

Market players should not be chasing prices around (as in, is today’s Portugal inspired drop a shake out or something more; do I ba ba ba… buy or do I stand pat?).  Players should be looking at macro charts like the above and asking questions like ‘is that black arrow going to denote another bull trap and eventually turn red like the other 3 arrows or not?’