Sunday, July 27, 2014

Fed May Help Open Crack In Correction Door | Seeking Alpha

Fed May Help Open Crack In Correction Door | Seeking Alpha



Chris Ciovacco has written a great article about why we may be near a stock market correction.  He included a chart from the NYSE Composite Index (NYA) to illustrate that stocks are basically going nowhere now compared to going up in the first part of July.  The transportation index (IYT) is doing okay, but that will not be enough to send the market up as a whole.  Chris added TLT, the long treasuries ETF, to his portfolio as a result of stocks just treading water recently.  I also hold TLT as well as TMF, which is a 3x TLT ETF.  Of course, I am still long on a lot of stocks, but I am very cautious about it.  We need to be ready for anything.


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