Always wait for confirmation, I'm whatching the NASDAQ $IXIC
That's what I have been doing for the last few weeks. I sold almost all my positions and I'm mostly in cash now. I can see the Nasdaq
IXIC
is forming a second base in the bull market that began in April of 2020. History can tell that this is just another rest before the next bull run in the long term trend. This base is very similar at the last one formed from September to November os 2020. Right now I'm cautios as I look for leaders.
Last week tested its 50 day moving average and it held, today history repeats so I'm still waiting for better conditions before I get agressive. I'm being very selective looking for good relative strength to add stocks in my watchlist. Right now I have
DAR
,
CBNK
and
YETI
to name a few.
IXIC
is forming a second base in the bull market that began in April of 2020. History can tell that this is just another rest before the next bull run in the long term trend. This base is very similar at the last one formed from September to November os 2020. Right now I'm cautios as I look for leaders. Last week tested its 50 day moving average and it held, today history repeats so I'm still waiting for better conditions before I get agressive. I'm being very selective looking for good relative strength to add stocks in my watchlist. Right now I have
DAR
,
CBNK
and
YETI
to name a few.