Monday's stock market dynamics could have been a short-term top.

[njfan47]

Market had an impressive day Monday, and there was a lot of money made. Gut feeling is that now some profits will be taken. From here to the end of June or early July, it's time for a pullback. Still will stay about 40% invested, but time for caution, but, if wrong, can get more fully invested later on in some of the quality names, especially if they are not much higher.

 

[njfan47]

Also, gold could be close to a short-term bottom sometime this week, although some positive technical work still needs to be done.

 

[Stalker]

All ships are safe in the harbor but that’s not what ships are for; 80% in. Let her rip Nj.

 

[njfan47]

Market had an impressive day Monday, and there was a lot of money made. Gut feeling is that now some profits will be taken. From here to the end of June or early July, it's time for a pullback. Still will stay about 40% invested, but time for caution, but, if wrong, can get more fully invested later on in some of the quality names, especially if they are not much higher.

The pullback appears to have been much smaller than expected. With Wednesday's rally and with banks passing the stress tests, it's back to risk-on. Plus, if Big Donny gets healthcare and tax cuts, rather than overall tax reform, market could go a lot higher. But it's still a day-to-day assessment, as there are any number of potential risks in the economy, many of which were built up in previous years, including student loan debt, car loans, high debt levels, etc.

 

[njfan47]

The pullback appears to have been much smaller than expected. With Wednesday's rally and with banks passing the stress tests, it's back to risk-on. Plus, if Big Donny gets healthcare and tax cuts, rather than overall tax reform, market could go a lot higher. But it's still a day-to-day assessment, as there are any number of potential risks in the economy, many of which were built up in previous years, including student loan debt, car loans, high debt levels, etc.

Maybe a day or two early, as today's decline, especially in high tech shares, is good for short sellers!

 

[Stalker]

Maybe a day or two early, as today's decline, especially in high tech shares, is good for short sellers!

Always risky business but our economy is fundamentally sound, perhaps for the next few years with a healthy outlook in other parts of the world and no trade wars. One hell of a bull!

 

[njfan47]

Always risky business but our economy is fundamentally sound, perhaps for the next few years with a healthy outlook in other parts of the world and no trade wars. One hell of a bull!

True Stalker, but remember, it's a credit cycle expansion rather than a business expansion. Big difference. I blew it this week by closing out SQQQ (a triple short on the NASDAQ) a day early; it went up 5% yesterday.