6pm I hinted at some of the bullish psychology in the market in some of my recent posts. The action today confirmed it. There was absolutely no reason for the market to go higher today. Absolutely no reason except for the fact that the worst is probably baked in.
I was feeling bearish with this morning's post but by the afternoon, all the puts I owned were sold. I have started small long positions in the index ETF's I had been bearish on. I will wait for some pullbacks (we WILL have some) but I will continue to add.
Hang on for some wild action this coming week. Look to get a bullish bias from me for the forseeable future. Why? Because the trend has changed. I like to invest in trends. Hence the name of the blog. Until next time, stay low risk..
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment