tough to do, but I’m told the pros ‘sell into strength, and buy into weakness’. Retraining your brain to act counter intuitively is sometimes hard. So, I am temporarily out of almost all long (and short) positions. We are so close to the upper descending trendline and 200 day moving average on all indexes that […]
Since my suggestion to buy on October 5th, we have enjoyed a 7.3% gain. Ironically if you hadn’t been in the market for the entire year and only invested over the past four trading days (from 10/5 through today), you would have blown the doors off 99% of all hedge funds, mutual funds, money management […]
today was another healthy push up with the indexes gaining between 1.5 – 2%. We have had quite a nice 3 days. With that said, I don’t trust the market yet. I’m not bearish, but I’m nervous and as a result I pulled some profit off the table today near the end of the day, […]
I was a little disappointed today with the strength of the move. Although we saw a roughly 2% gain in the indexes, I felt like there wasn’t much punch to the move. It was a nice gradual move up all day which I suppose is a good thing, but after such a strong decline, I […]
If you were looking for a time to put some money into the market, it might be now. Saw some serious strength yesterday at the close. The market was down over 2% and then rocketed up at the end. At the bottom it was the lowest point in over a year, then in the last […]