We wonder if Gartman's newsletter recently added a "purely for comic purposes" disclaimer because this is (and continues to be) nothing short of humor gold.
NEW RECOMMENDATION: We are sellers this morning of the Russell and we are buyers of the S&P, for the chart of the former is ominously bearish while the chart of the latter is interestingly bullish. We’ll do equal dollar sums on both sides of the trade and we’ll have a stop in tomorrow’s TGL, but for now we’ll not wish to see the trade more 2% against us and as we write the June Russell 2000 is trading 1222 and the June S&P is trading 2099.50.
And sure enough from the open: the "ominously bearish" RUT is up 0.7%, the "interestingly bullish" SP: +0.2%.
[4]
