Got stopped out this morning, sitting on the side lines in cash over the weekend. Don't like these side ways markets, rotation going on (market keeps clipping me). Took a longer term view of the RUT, it stopped right at the 2007 High. All time high at that. With I1 at its peek and the markets at all time highs and going sideways I'm on the side line until I1 terns down and the trend changes or we get an upside break out. Best to be careful here, SPX could go up 1267 or higher before a trend change or we may have topped already in those index’s this time around. A lot of money went into small caps and midcaps in this recovery that just might keep the SPX and DJIA from going as high as some might think and now the money has rotated into commodities big time.
Steve
ReplyDeleteGot stopped out this morning, sitting on the side lines in cash over the weekend. Don't like these side ways markets, rotation going on (market keeps clipping me). Took a longer term view of the RUT, it stopped right at the 2007 High. All time high at that. With I1 at its peek and the markets at all time highs and going sideways I'm on the side line until I1 terns down and the trend changes or we get an upside break out. Best to be careful here, SPX could go up 1267 or higher before a trend change or we may have topped already in those index’s this time around. A lot of money went into small caps and midcaps in this recovery that just might keep the SPX and DJIA from going as high as some might think and now the money has rotated into commodities big time.
Jack C