All it takes is a week and market scenario changes. Last week was very volatile with wide swings as expected, but fortunately our history teacher (BPNYA Index) guided us well and we were out of the market before all the action unfolded. Remember, all we are trying to do is increase our "odds of winning" and "protect our gains" as well as avoid "major losses". Follow the guidance provided by BPNYA and in most scenarios we should do well...
After several weeks, we finally got a SELL signal. When everyone started saying market is due for correction, market kept going higher and after so many weeks we got the actual signal. That's why having a strategy/plan works in our favor. If we continued listening to news and TV noise then you would have exited market long back and missed all the remaining upside, Isn't it!!!!
Market is currently having tough time to make any new gains with confidence. In short, it indicates that less # of underlying stocks are participating in the rally. In other words, market may continue to go sideways or pullback which is in fact healthy for the market at this stage. However, we should see increased volatility in coming days with wider swings in the market, so do not fall for the trap!!!
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