The stock market is currently characterized by institutional selling - consecutive down days under high volume. Not a good signal at all.
Just take a look at yesterdays' heatmap for the NASDAQ which tells the full story. We have advised our clients to stay disciplined and stay on the sideline for now, there is no reason whatsoever to increase exposure or risk in this environment.
Better times will come - the only question is when. Many contrarian indicators are suggesting that a new bull market will start soon. Wait for technical confirmation and only increase your exposure on the back of gains in your own portfolio - apply the methodology of progressive exposure.
Just take a look at yesterdays' heatmap for the NASDAQ which tells the full story. We have advised our clients to stay disciplined and stay on the sideline for now, there is no reason whatsoever to increase exposure or risk in this environment.
Better times will come - the only question is when. Many contrarian indicators are suggesting that a new bull market will start soon. Wait for technical confirmation and only increase your exposure on the back of gains in your own portfolio - apply the methodology of progressive exposure.
Combing the BEST of two WORLD's: Cathie Wood & Mark Minervini