Remember this post earlier? Taking action and starting to lock in some profits...
And then this post... A decent looking short term environment to take profits in to.
Here's the second post time and we saw a nice little pop off the Bollinger band squeeze to take partial profits in to.
And good thing as well, here's the action in the SPY since.
It's normal and healthy to get a pullback during an uptrend, it keeps the market excesses out and prevents an overbought condition. Hopefully we'll see some short term accumulation as the market pulls back, which will allow those who want, to add those positions back and take more substantial profits on the next move higher. Or you can just take profits as we move up without all of the trading around of positions.
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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