While the rest of the trading world has been basking in an
up signal, my system on ICE had only offered a “Possible Buy” opportunity that
had not materialized last month. It finally changed last week. Someone as
technical systems bound as I am, stayed frustrated to see the markets rise
while I sat on the sidelines in my 401K. Yes, I have been trading my R/IRA with
the Ivy portfolio as well as stocks; but this has otherwise been frustrating
for me. But I need to forget results, focus on following the process and not
let emotions matter as the results do come over time..
ICE has coughed up an Up signal on SPY (S&P500). See
chart below. I am back in my 401K in a large way; but remain partially
committed. There must be a pullback due? How long can we keep climbing up? As
long as the system says up. Here are a couple opf stocks I am in also... AES and TAN.
I have noted that Gold is perking up as evidenced by the rise in the ETF NUGT. This one will be ripe for entry on a pullback. Meanwhile I must also start
thinking about how one can take advantage of the down side coming down the
road.
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