Today's drop has taken the SPX below the transition line as noted in my February 14 posting. See the char and line below this posting (Feb 14).
Although March is usually a good, positive month historically, it looks like we're in round two for the market - following last month's early sell off. As noted in my last posting there's a line in the sand for you to have stronger hedges on. That line was broken yesterday for me at 2690.
I'll give you some positives and negatives this weekend - after we see how today plays out.
I still look at strong market pullbacks as good long-term investing opportunities.
Craig
1 comment:
Craig...Thank you very much for posting
your comments as a professional are welcome
I really miss your classes and your view of the market
Keep posting!
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