Patience

Today is the type of day, with the market down and an unsure tidal direction, it feels like a nice day for a cruise. Some of the boats that returned to the dock during the recent High Tide  are sitting slightly lower than when they were returned to the dock tempting me to set sail with them once again.

However, the current strategy is to watch the market set new highs or watch it fall back to a range between 2923 and 2798. The S&P at 2966 just isn't low enough to set sail today. If a storm is forming and we are in a new Low Tide it might be better to keep the boats moored at the dock until the tidal direction is clear and the Low Tide is established.

Fair winds and following seas!

Trading Tide Levels:
Subscribe to 10KT Newsletter          Learn More About 10KT
Facebook
Twitter

This is for informational purposes only and the information provided does not encompass all possible or probable outcomes and nothing posted here is an indication of future results. Nothing in this blog is a guarantee or promise of future investment returns and investing in stocks or bonds carries risks including losing your entire investment. I do not recommend, advocate or endorse any third-party links, resources or advertisements of any kind. Any investment decisions are recommended to be in conjunction with a Certified Financial Planner, a comprehensive and personal financial plan and all other components that make up your own financial situation.

Comments

Popular posts from this blog

Introduction to 10KTrades.com

Dividends

The Tides