I had no idea it would turn into another mastu**** Monday but it did. No selling pressure at all in the major indices, even though traders took profits at the end of the day (and likely some bold short sellers sold as stocks approached prior highs/ hoped for resistance).
Right now, the play is still long. I mentioned in a recent e-newsletter to my subscribers that, what “investors” are doing is the genius task of drawing a line touching bottoms of the trend and buying those dips – and I have no problem with that. Let’s all ride this thing together! Of course, being the planner, I am always hedging but we have solid exposure to what’s moving up, both long trending assets (US stocks) and values rising off deep corrections (precious metals).
Any questions? Feel free to toss out a thought or question and we can discuss in the comments below. Thanks for dropping by.