Please excuse this late alert.
I just got back from a funeral. They’re always “fun.”
But when the guy lives to 93, it’s easier to deal with.
As for the overall market, in 16 years of trading and investing, I’ve never seen a market this bizarre. Sure, we’ve had stellar crashes and booms along the way. But when the market drops 300 one day, only to move 200 points higher the next, that’s bizarre.
At the moment, I’m just waiting to see what the market will do next. I’m watching some trades, but if the Dow decides to pull back from double top resistance again, we could fall to the 200-day moving average again at 17,316.
I’d rather not risk money to a market that could pullback badly here.
After closing a good number of wins in recent months, we do have trades that are down. We continue to hold everything, though.
Ian L. Cooper
Inside Value Trader