I would agree. Would not be surprised to see a modest March pullback in the market but that remains to be seen. We hit the latest HOY this week on Wednesday in the S&P @ 2,400.98. Do we see a 5% much needed Spring correction? That would probably make to much good sense for this current euphoric and giddy market but we shall see. Good day trading. It can help - if you can consistently pull it off.
In your shoes I probably would have covered my swing position or most of it today for a sweet short term gain, now looking to rebuild it going forward. I would be cautious at this particular point, imo, as I think we could still see a correction starting sometime in the first half. However, with this market on a seemingly endless trajectory upward, that event actually happening does challenge most traders' minds at this point.
Wow. Was I wrong. Disregard my last post to you. Market still on its bull course and uvxy / volatility tending to head south whether market heads up or down at the present time. Hang on to that put swing position for the time being would be my current advice, assuming you are still holding....:)
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