Stock Market Tide Update
The recent King High Tide finally crested at 3233 on June 8, rising ↑ 17% over 25 days and, at the time it crested, the seas had risen ↑ 48% since March 23.
There has now been 8 King High Tides since January 1, 2016 and those tides rose between ↑ 15% and ↑ 24%.
The Low Tides that followed each King High Tide averaged ↓ 5% and lasted 13 days on average. Today is day 3 of this Low Tide and we are ↓ 7%.
Updated Captain's Boat Log:
- Possibly, and very cautiously, float some boats below the 3100 level. VIX is above 30 knots.
- Continue sailing boats already at sea (about 28% of the fleet), and will continue calling back more boats to port around the 3200 Tide Level.
- There are no short positions planned.
Trading Tide Levels (at the time of the post):
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