BUY SIGA $7.17
Bouncing right off the long term upward trendline, looks like a good swing trade.
Waiting for US Fed Meeting tomorrow afternoon for more guidance on where we are headed.
I will try not to initiate any more long positions as I believe this market is headed sideways and lower over the next few months before we possibly continue this bull rally in September. The "Sell in May and Go Away" theme that has worked so well before in previous years looks like it is taking shape here, one month late. As trading volumes fade off, traders taking holidays, and the steep rally we've had since March, it is only ideal that the markets cool off here. But who knows, markets have proved to be irrational before so be flexible in your trading and be prepared if this market decides to take off again!
Bouncing right off the long term upward trendline, looks like a good swing trade.
Waiting for US Fed Meeting tomorrow afternoon for more guidance on where we are headed.
I will try not to initiate any more long positions as I believe this market is headed sideways and lower over the next few months before we possibly continue this bull rally in September. The "Sell in May and Go Away" theme that has worked so well before in previous years looks like it is taking shape here, one month late. As trading volumes fade off, traders taking holidays, and the steep rally we've had since March, it is only ideal that the markets cool off here. But who knows, markets have proved to be irrational before so be flexible in your trading and be prepared if this market decides to take off again!
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