Yesterday (Thr, 7/26) Big Money was shifting massively out of small caps and into big ones. 50 D-SMA for SPX held nicely on Tue and Wed this week. I think SPX is its way to challenge its recent high at or around 1380.
I'm watching NAZ, DJT and RUT to see if they move up to test their recent highs. If they don't as DJI, OEX, NDX and SPX test or take out their recent highs, then it would be wise to take some money off the table or at least sell covered calls on long positions.
I'm watching NAZ, DJT and RUT to see if they move up to test their recent highs. If they don't as DJI, OEX, NDX and SPX test or take out their recent highs, then it would be wise to take some money off the table or at least sell covered calls on long positions.
Long term (weeks to months) I am very bullish simply because we have all central banks standing by to back stop all markets by injecting into them as much money as needed.
Face Book
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
Posts
