sold non freebie stocks on the long side. ( i figure i am out a tad early,, better than being late lol)
the DOW has a dingle berry UNDER the 50dma, the naz isnt actually
gaining any footage and the s&p has a goldent cross but its a weak one. the risk is the fundies simply stop supporting the markets as they adjust for whatever the rate/fed/fomc decide.
again,,,,,,,,,longs are to be freebies ONLY,,,,,,,,if we exit and the market goes up,,,,,,fine we still benefit,, even more if we have our cash on the sidelines.......but if the market tanks,,,,,,being long can be down right scary.
it is my belief wallstreet has no reason to buy this market when they can have it cheaper next week. they dont need quarter end painting UNTIL the statements are mailed out in JULY
i will be out of the house for the rest of the trading day.
Benjamin Graham: "You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right"
