Looks like the market is continuing to head up, for now. Great! I’ll go with it, for now.
In this weeks video update I analyze the charts and call out quite a few events and news items to watch for.
Be sure to leave your questions and comments!
Dean
Dean,
Thank you….how far do you think the S&P will go up before you are able to short again ? Is buying SSO etf worth the up move in the S&P ?
I know this is hard to say, but what is your thinking in this ?
thanks
Dee
Dee,
It is hard to say – the S&P could reverse down at anytime. I am not trading it long at this time. I am in other positions that have clearer price patterns.
As for SSO, I only trade leveraged ETF’s intra-day, I do not hold them overnight.
Dean
Dean,
Thank you so much for your reply.
Dee