One month ago, on January 17th, I wrote “If you are a long term investor, like me, do not sell the Inauguration. Buy some more stuff. I’m going to.” I did.
See green arrow on SPY chart; that was January 17th. Kaboom. I try not to blow my own horn but “beep beep”.
S&P 500 Index ETF (SPY) daily
SPY, QQQ and DIA continue to make new highs. What will happen in the coming weeks/months ahead?
News Flash…NO ONE knows. The 2017 year end S&P500 price target predictions from the Wall Street crowd have already been hit and we are only seven weeks into the year. Hmmm.
Let price action be your guide and know when you are wrong. This is what Wall Street DOESN’T do.
Could the market begin a correction tomorrow? Certainly. No worries if you know when you are wrong.
No new trade alerts as of today, Monday, 2-20-17.
Continue to hold all open positions.
As a premium member you know I’m transparent about every trade I have recommended since starting my real time recommendations in August 2011. They are all on the web site.
More on that to follow.
If you have questions or comments just email me and I will get back to you.
Trade Smart,
Don