I don’t read charts. I can’t predict the short-term future any more than you. Yet at certain times, the market reaches a point where short-term direction seems obvious and easy to predict. The hard part is pinpointing the time.
So why try to time it perfectly. If you know it will happen eventually, plan for it now. It’s like filling sandbags after a flood, when the Weather Channel warned you for weeks.
I can’t predict the short-term any better than this: either the market continues this trek higher or it has a moment of clarity and relaxes until better information tells it where to go. For now, the signs seem to point higher with some concerns to consider.
What’s Working
My first thought is irrationality. Continue Reading…
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