We didn't really have much of a June downturn given that we are
at fresh highs...there is still some month left. The Nasdaq is
pretty overdone now, guess it could go up but the risk/reward for
new money isn't attractive. Good for long term assets at the
moment. Like always, we will know when we know. I buy good weakness
and sell into good strength.
We didn't really have much
From Stock Trader's Almanac FB page:NASDAQ’s Mid-Year Rally Begins EarlyIn ...
Posted by fundamentalvalues on 24th of Jun 2021 at 11:47 am
We didn't really have much of a June downturn given that we are at fresh highs...there is still some month left. The Nasdaq is pretty overdone now, guess it could go up but the risk/reward for new money isn't attractive. Good for long term assets at the moment. Like always, we will know when we know. I buy good weakness and sell into good strength.
Agreed, especially since the June
Posted by frtaylor on 24th of Jun 2021 at 02:53 pm
Agreed, especially since the June week after expiration (this week) is supposed to be "horrendous" to use STA's term.
SPX dip was pretty muted
Posted by fundamentalvalues on 24th of Jun 2021 at 11:55 am
SPX dip was pretty muted too, just a quick 50 day touch, then gap city higher since then