The market is catching its breath after what was a very good week last week. It is time to "prove it" for the markets. We are starting to work our way into some resistance here and may re-trace a little more before moving higher.Building a base here helps us go higher. No need to fear a retrace and bail out of long positions - the real risk is currently with anyone shorting at this moment.
Tracking each index and individual stocks may differ significantly at this point. There are a lot of cross currents and sector rotation going on. Tech is under owned at the moment, whereas a lot of money has moved into the financials in a short period of time.
I am looking to buy AAPL heavy on any move on volume above $140.00 to fill the gap. I also bought more BOLT this morning. I now have just less than 20% of my portfolio in cash.
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