Today’s profit-taking allows for assessing existing positions. If you have charts that are not showing great bullish dynamics, even though they are still trading above the T-line, closing those positions and moving to cash is a good strategy. The holiday season, with its slow trading is usually the timeframe when money managers make an assessment of their existing positions and analyzing which sectors will likely be the best place to be positioned after the first of the year.
December 30th Daily Market Comments
Today’s profit-taking allows for assessing existing positions. If you have charts that are not showing great bullish dynamics, even though they are still trading above the T-line, closing those positions and moving to cash is a good strategy. The holiday season, with its slow trading is usually the timeframe when money managers make an assessment of their existing positions and analyzing which sectors will likely be the best place to be positioned after the first of the year.