- BPNYA shall soon be above 70 mark - time to get cautious
- BPNYA is very close to EMA(30) and a cross over could trigger early SELL signal
- Earnings season is starting from next week, expect rise in volatility with wide market swings
- BPNYA shall be moving above 70 mark, which suggest to take cautious approach
- Market may creep higher but in zig-zag manner
What does it mean for our Investments?
401K: Stay invested but DO NOT initiate any new positions, watch for signs of trouble along with any signals
Stocks/ETFs: Invest in good patterns but have tight STOP LIMIT in place.
Stay focused and be alert...