- BPNYA can continue above 70 mark for months
- Market can continue to grind higher slow and steady, however any higher move without pullback/consolidation makes it more riskier to enter
- Before market tanks, BPNYA always provides us with a SELL signal
- No major economic event on the horizon as US Debt negotiations got pushed to May
- Economy appears to be doing well
- No major Global economic threat as Euro-zone worries appears to subsided
- Earnings season may not be stellar but even NOT disappointing as much
What does it mean for our Investments?
- 401K - Keep invested and wait for the SELL trigger. Although if not invested then have patience, wait for the opportunity to present itself.
- Stocks/ETFs - Invest in right patterns and take partial profits, always have STOP LIMIT in place.
Market in extreme bullish mode but be cautious...