- BPNYA Index did fall below 70 mark
- Volatility seems to be subsiding slowly
- If market continue to move higher soon BPNYA will cross EMA(30) from below while EMA(30) remains below MA(50) & above MA(200) which should trigger our BUY signal
What does this mean for our Investments?
401K portfolio: Be cautious and invest may be only 25% once we get BUY signal just to protect any major loss if we happen to get correction as you cannot get out quickly due to lock-in period.
Stocks/ETFs: Trade ONLY good setups and always have STOP LOSS to avoid any major loss, never forget to check earnings date before entering stock positions.
Good Luck trading!