If you have been following this blog and obeying our "history teacher" then you probably did not get caught in the BULL trap situation that happened on May 31. As we can see from the BPNYA chart below, it did make an attempt to go in reverse gear but did not cross EMA(30) (which would have generated Buy signal). Remember, we are only projecting/forecasting markets based on "probability" as it appears today. Markets can change direction anytime and all we need is to be aware of the situation.
From here markets can keep going down further and continue to be in correction or stabilize and keeping moving in a range till next earnings season which will be in July. Typically global economic conditions, earnings season and government policies/changes are known to provide market directions. Market may get a bounce rally from oversold condition but be cautious and don't get caught 401K/HSA/529 accounts: We should already be in money market funds based on our strategy until we get a buy signal. IRA or regular trading accounts: Based on our advanced strategy, we can choose to be invested in best performing bond funds (ETF) there by letting our money work for us even in market correction.
Andre
6/6/2011 03:26:19 pm
i enjoy your posts! Keep it up!!! Comments are closed.
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