"Markets can remain illogical far longer than you or I can remain solvent"
Brutal day on the markets, mostly red across the board. Like I said yesterday, all the indices look a little toppy here and the pullback is warranted after the huge V shape recover we have had since the March lows. I've seen some drawdowns in my profitable positions and some small losses which I am watching closely to cut them loose in case there is further weakness in the next few days or weeks.
"Cut the weeds, plant some seeds"
No action taken from me today, I was thinking of cutting some of my small losses and raising some cash to re-enter this market if stocks get cheaper, however I think this market may recover slightly before the weekend, where I may exit some of my long positions and put on some short positions. I'm cautious and neutral right now after this two month rally.
Brutal day on the markets, mostly red across the board. Like I said yesterday, all the indices look a little toppy here and the pullback is warranted after the huge V shape recover we have had since the March lows. I've seen some drawdowns in my profitable positions and some small losses which I am watching closely to cut them loose in case there is further weakness in the next few days or weeks.
"Cut the weeds, plant some seeds"
No action taken from me today, I was thinking of cutting some of my small losses and raising some cash to re-enter this market if stocks get cheaper, however I think this market may recover slightly before the weekend, where I may exit some of my long positions and put on some short positions. I'm cautious and neutral right now after this two month rally.
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