We are witnessing a softening in the market. The Dow Jones Industrials appear to be a mixed bag. Buying blind is NOT the strategy at this point - it worked for 10 years, now the easy money has been made.
As suspected, the mid-term elections have not been without incident, and investors are naturally cautious. Many big stocks are confirming bearish topping patterns - including Goldman. I shorted today, with a target below.
This is telling me that the rally in the indicies has stalled for now, and an extended period of consolidation is perhaps on the cards. On the other side, we will see a bullish continuation, in anticipation of a Trump 2020 win.
With that said, I am buying any low in the Dow, yet cautious for now, and net short.
As suspected, the mid-term elections have not been without incident, and investors are naturally cautious. Many big stocks are confirming bearish topping patterns - including Goldman. I shorted today, with a target below.
This is telling me that the rally in the indicies has stalled for now, and an extended period of consolidation is perhaps on the cards. On the other side, we will see a bullish continuation, in anticipation of a Trump 2020 win.
With that said, I am buying any low in the Dow, yet cautious for now, and net short.
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