Let ride any Bear Call Spreads already at max-loss (Long Strike in ITM) – I can’t lose more. At DEFCON 5, I will assume no restrictions to any new positions. Consumer Confidence is high, and there are love and peace throughout the world (snort). ![]() The latest economic data are all positive, and most Geopolitical and Sociopolitical news is boring. ![]() VIX is below 15, and the S&P 500 Put/Call Ratio is below 0.5. The 5 levels of the DEFCON Trade Readiness indicator: DEFCON ![]() At the end of the Market Sentiment Section (below), I will compile everything in that section into a single DEFCON level between 5-1 – with DEFCON-5 being the elusive “all clear” signal for opening new positions and DEFCON-1 signaling a complete market collapse. Going forward, I will display a DEFCON level for each journal entry for that week.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |