What does it mean for our Investments?
- 401K/IRA - If still invested in equity markets then have an exit plan as it might prove to be useful. If not invested in the market then stay put and wait for next opportunity as risk at current level is quite high.
- Stocks/ETFs - Take partial gains on open existing positions and let the remaining position run on trailing STOP. ONLY enter into very convincing patterns and DO NOT forget to have STOP LIMIT in place.
Market appears to be extended and prone to correction, be cautious...