Sorry for the late video. I got caught up in a meeting that went on for far too long so I was unable to upload the video last night. Here is the post....and video.
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Admittedly, I have been 'wishy washy' about the market as of late and I apologize if this may have come off as a bit confusing. Declaring I think the market is going up to the heavens one day and preaching it is going into the tank the next is no way to trade, let alone write a financial blog. It's for this precise reason why I have been reluctant to go EITHER heavily short or long overnight - my opinion keeps changing. In short this rally has taken nearly everyone (professional and non) by surprise.
I feel, however, we are finally at a point (or at the very least another point) where shorting is a high probability trade. I put together the following video that addresses the reason(s) for the short case. Enjoy.
