While the market was quite strong on Friday, my crystal ball told me severe weather could be on the way and hit us pretty soon.
That's why I advised my DW Family to bet on a jump of VIX in the next week or two. And today while the market shot up to the moon again early in the day, I again cast my doubt and called for a reversal. I was quite aggressive with adding more positions on the short side.
Fortunately, I was lucky on the directional bets so far. I think we will see more downdrafts in the days ahead. My crystal ball still tells me the near term turbulence is not over yet.
I'm staying on my course on the short side for now!!
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