As of now we all know that markets are in correction. But fortunately our history teacher has been guiding us so that we could avoid any substantial loss. From the BPNYA & NYSE comparison chart below, it is apparent that markets are grinding down slowly and steadily. Summer months are considered to be weak for markets. From beinging of May we have been in correction. The current chart of BPNYA shows that EMA(30) is quite far from BPNYA and it might take few days/weeks to get a BUY signal from here but don't get over confident. Markets can do whatever they want. I would not be surprised to see bounce attempt at this juncture. Remember, bounce does not mean we get a BUY signal. BUY signal is generated only when BPNYA crosses EMA(30) upwards. For now, markets may remain in correction mode or stabilize until next earning season which will be starting in July. Don't worry, if markets turn the direction then our history teacher will guide us as always. What does it mean for our Long Term Funds!!!
401K: We remain in money market funds until we get BUY signal Traditional IRA/Roth IRA: Based on our "Advanced Strategies" section we should/could have invested in BOND ETFs when we got the SELL signal. But if we did not do it then now may not be the right time to enter as we might get a bounce here, so waiting for the right opportunity is the best strategy. FEW THINGS TO REMEMBER -
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