So when bonds have a massive selloff and that takes equities with them, which do you buy? Based on the action of the past week, you take stocks. My mantra is to buy em on sale, smoke em when you got em, not when you have to. In english, usually things get out of whack on the down side fast, so you should always have cash for these moves. But how do you get cash? You need to sell them either when they are going off the charts, or when you hit a mental stop.
Off to see the Spurs sweep.
2 comments:
The 50dma held up like a champ...
Yes it has. My only worry is the last 2 dips have been bought immediately. My guess is we test that 1540 high, maybe a false breakout intraday, then a downward channel into the 4th quarter. Not too much damage, but enough to put some pain on the long side.
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