Some Market Comments:
Will there be a July Rally? How are you positioned going into the Fed meeting?
I wish I knew about the summer rally. I went back to 25% long yesterday, hoping the 1240's will hold. However, I still feel we could test 1228 again and maybe even lower. The odds favor a rally, but Mr. Market could surprise us all and down he goes.
This very technical damaged market held up very well this week consolidating before the Fed meeting.
I think the Fed is between a Rock and a Hard Spot and will continue to raise rates.
The shorts will not give up easy, and the Bears are sure we are in a Bear market that is headed down, down ,down!!!
Playing it safe with my 25% long position. I have lowered my cost the last few weeks by selling the 2 rallies we had and buying back in a little cheaper. I'm still down -1.5 % since the big sell-off started. Tom and a some of the Tracker Leaders have played it well.....
Positions of the TA's I follow. As you can see it reflects the Board position. These are Professionals with Recommendations about Mr. Market. As we all know, NO ONE KNOWS WHAT MR. MARKET WILL DO!!!!
2 100% long ETF's
1 80% long ETF's
2 50% long ETF's
2 25% to 40% long ETF's and some stocks
3 short market sectors and ETF's
2 cash
Are you a Bull or Bear? Is this a Bull or Bear Market?
I’m not a Bull or Bear. My goal is to try and grow my portfolio. I’m trying to limit losses and avoid high-risk trades. To do this I must know if we are in a Bull or Bear market. Bull Markets buy the Dips. Bear Market sell the rallies. Which one are we in Bear or Bull? The Professionals are split and betting accordingly.
In my opinion many of the Hedge funds and some Big Money will stay out of the market this summer. This will aid in the decline into the fall.
Dip buyers haven’t done well lately. ( Me ) That is why I have sold the last two rallies. I’ll continue to trade short-term on the long side, but not in Love with any position!!!
This Market could rally easily 4% to 6% during a possible summer rally. But make no mistake about it we could head much lower!!!!
Many will disagree with my personal opinions. So, please post what you are thinking. I will not debate my opinion, but always enjoy getting someone elses.
Let see, Birchtree! Is the Market headed up or down after the Fed meets my friend?
A good weekend to all!!!
Good Investing/Trading