Yesterday I warned about taking profits in BPAX as it looked ready for a pullback. I still think there's a good chance of further gains after a consolidation, but lets cross that bridge when we get there. For now, I'd hate to see anyone lose the gains in this one.
At the yellow 10-day moving average, BPAX will probably be worth a look to re-establish a position as it had a nice base to work from, but why take that loss in the meantime?
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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