DEAD CAT BOUNCE FAILING FAST

US equities opened up with a classic +1% bounce back after a few very bad days, but currently selling off all those gains as we head into the afternoon.

When I saw the futures sharply higher last night I had a feeling the gains wouldn’t hold.

Will the rest of the day bring a quiet finish around flat, a retracement of the early gains or a big sell off going into the weekend?

My guess is we see more sell off into the afternoon. There are some real systemic issues bubbling to the surface & even the fearless PPT (plunge protection team) might not have the ammo to keep the bubble growing.

However, there are lots of interesting inverse equities options, shorts or etfs to potentially profit with. Do your homework first, many of them can go poof just like a vix short fund.

Gold Miners seem to have found a pretty solid floor & have had their best week in a long time. If things really turn & Gold is allowed to make its next big move up (1400’s & up up up) miners will explode in value. Many are still around multi year lows, a great time to buy.

These are just some of my thoughts & preferences. I’m no “professional”. Always manage your risk & do your own homework.

Been a really good week for my contrarian portfolio, here’s to reality surfacing, if but only for a moment in time value 😉

Happy Hunting, Safety First