SPY closes at a new high!

The bulls took control today and pushed the market to a new all time SPY close.  Volume was not spectacular which does make the otherwise bullish move suspect.

My TZA position took a serious beating but is still alive, stops still in place, but not yet hit.  If I do get stopped out, that will be fine, and I will pivot in the direction of adding to long positions that are in the portfolio.  If the market reverses lower, rejecting today’s rally attempt, I will trim the longs and add to the TZA.

I intend to profit regardless of market direction.

This is going to be a week to remember.

 

 

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