New all time highs were reached on the S&P today! Pretty exciting as we had correctly analyzed the beginning of this wave. My indicators are all pretty hot and the LDI turned negative. This does not necessarily mean the rally is done, rather it simply means we have moved upward quickly and the market needs to have some sort of mean reversion to continue healthy growth. Stops should be set at personal comfort levels. Those happy with gains can set them higher; those that are still aggressive can set them lower to remain on the wave longer. I definitely think there is still more upside to come, but as I've stated all week, investors should not be surprised by a brief snap-back.
Posts
No comments:
Post a Comment