this the big picture from IBD today. i believe it will adjust its tune soon after we take out the 880 major support this or next week. I think when bull market starts, it’s OK to follow IBD. just buy leap call and hold them will benefit you well. but in bear market, i think it’s good to follow me :)
“The market seems to be at a crossroads. The uptrend survives, but is under pressure, as per the Market Pulse.
The distribution-day count stands at three for the broad averages.
Higher-volume declines occurring three days last week, plus gains in weak volume Thursday, added to concerns for the market.
Monday's action heightened those concerns.
So how do you handle this market? With caution.
Protect your profits; don't let them turn to losses.
If a stock is acting poorly, this is not the time to give it the benefit of the doubt.
New stock purchases may be OK, but handle with care.
And don't try to anticipate a breakout. That's good advice always, but especially in a defensive market.”
0 Good Insights:
Post a Comment