The Market Is Always Right
If the market says no, the answer is no.
As of 9:55 a.m., EST that’s what it’s saying with the real estate short via DRV (DRV-22-05).
Today’s early rally stops out the position (not advice, not a recommendation), and the trade is closed.
Loss was approximately – 4.87%.
Not good but manageable.
On the flip side is the bond market.
Looks like we have the ‘island gap’ reversal discussed in prior updates.
A trade has been opened in leveraged bond fund TMF as TMF-22-01 (not advice, not a recommendation).
Charts to follow
Charts by StockCharts
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The Danger Point®, trade mark: No. 6,505,279