I'll increase equities in one of our IRAs by 14% today on market
close. Fortunately I had built a significant cash position at
market highs. Even if we were to range trade this year, I like the
move longer term as I do think we will make new highs again at some
point down the road be it this year or next.
At the start of the year, I was looking for a 10-15% pullback in
the SPX. We undercut the 10% target at 4,336 and it went to 4,272
on the low today, correcting over 11% so far. RSI is now 22 and
oscillators are off the charts overdone. Risk/reward and asset
allocation.
I'll increase equities in one
Posted by fundamentalvalues on 24th of Jan 2022 at 10:33 am
I'll increase equities in one of our IRAs by 14% today on market close. Fortunately I had built a significant cash position at market highs. Even if we were to range trade this year, I like the move longer term as I do think we will make new highs again at some point down the road be it this year or next.
At the start of the year, I was looking for a 10-15% pullback in the SPX. We undercut the 10% target at 4,336 and it went to 4,272 on the low today, correcting over 11% so far. RSI is now 22 and oscillators are off the charts overdone. Risk/reward and asset allocation.
good job managing those accounts
Posted by matt on 24th of Jan 2022 at 10:34 am
good job managing those accounts