.SPX& VIX: The Market is Great!
This market is great. Mostly everyone makes money in this phase. It is “fun”
That said; it is important to begin thinking about how to secure it if rainy day/weeks/months come.
For me, it is simple. When trend, breadth and momentum all simultaneously falter this is my risk-off alarm 🚨 (the last alarm was Feb 21).
Until then I intend to keep positioned long, using $ARK Innovation ETF(ARKK)$ as a core trade for outperformance.
I think similar to the past intermediate tops, the leading indicator will be stretched sentiment for duration and us equity positioning (NAAIM > 100 + Fear & Greed Index in Extreme Greed). $Cboe Volatility Index(VIX)$
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