Politics! Blah! Investors are apparently not concerned about impeachment ramifications. The bullish trend continues but there is some rotation/profit-taking starting to become evident. The strategy remains the same, continue to stay predominately long but always have safety stops in place. The longer this uptrend persists, the more effective candlestick scans reveal which sectors are getting toppy and which sectors are starting to bottom out and move higher. Use this process for taking profits and re-allocating funds where the new bullish strength is indicated.
December 19th Daily Market Comments
Politics! Blah! Investors are apparently not concerned about impeachment ramifications. The bullish trend continues but there is some rotation/profit-taking starting to become evident. The strategy remains the same, continue to stay predominately long but always have safety stops in place. The longer this uptrend persists, the more effective candlestick scans reveal which sectors are getting toppy and which sectors are starting to bottom out and move higher. Use this process for taking profits and re-allocating funds where the new bullish strength is indicated.