Everything is impermanent

This is just a diary of my market views and not recommendation to buy or sell anything I mention here.

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Friday, August 17, 2012

RXS Drug Sector vs SPX

RXS made new highs but SPX did not.

I believe RXS is topping out here. I am looking for inverse ETFs to short RXS.

Posted by Deej at 1:10 AM

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Favorite Quote

“I believe that the public wants to be led, to be instructed, to be told what to do. They want reassurance. They will always move en masse, a mob, a herd, a group, because people want the safety of human company. They are afraid to stand alone because they want to be safely included within the herd, not to be the lone calf standing on the desolate, dangerous, wolf-patrolled prairie of contrary opinion.”

- Jesse Livermore

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