I decided to focus on risk management here. It could go up. But, I like the idea of having cash for the possibility of entering at somewhere between 2650 and 2700--depending on the price action, of course
Not looking at the market much at all today. We remain resilient though, gapped down on the selloff in Shanghai but now just slightly in red and tech shares are in green
Yea, it's kind of crazy to predict because of being so range bound. But, hopefully, since I am all out now, the price shall collapse deep non-above the 2700 level soon. I want to re-enter long, especially if it hits that 2650 to 2675 level
The SPX is at 2736 here on Tuesday. I figured it would be about here minimally. But I had exited being long yesterday for risk management and the possibiilty of re-entering at non-above 2700. Didn't happen. But, as long as you protect your account, there is always a next time...
We get a jobs report tomorrow, right? Not sure if it will impact the market much at all unless it is a big beat/miss Trade tensions probably remain the focus until we get to the earnings season