In a bull market you don't have many trading opportunities. Volatility is low and the market usually moves in just one direction. I can sense a reluctance to pile in and push the market above the 2011 highs of SPX 1370, especially after a straight up move of 120 points in less than 2 months. We may not do much for the next couple of weeks. But this is not like 2011. The exuberance at 1370 last year is absent at 1370 this year. So we can surely dip, but it will be mild, and a pause that refreshes, to springboard the market to 1450-1500 by year end.
In the meantime, I am on the sidelines waiting for a dip to buy. Zzzzzzzzzzzzzzzzz.
Subscribe to:
Post Comments (Atom)
Posts
4 comments:
YOU CAN'T TRICK AN OLD DAWG WITH OLD TRICKS.
LONG FSLR YESTERDAY AT 35. SOLD TODAY DURING MARKET AT 37.
NOW FSLR OUT WID BAD EARNINGS.
FSLR GOING BELOW 30.
TOMORROW BOIL IS DA PLAY.
DEAD CAT BOUNCE ON NAT GAS 2 MORROW.
Alot of "overbought" charts are now looking like high bull flags <-bullish
You missed the crash and the recovery. Now we run smoothly to 1500?
Why do you try to predict? Why not just post your trades?
Post a Comment