Market Giving Mixed Messages

ByTTT

Stocks are set to open higher. We still want higher pricing at this point because the BAN strategy is still long SSO, and QLD, and we want the ACS SPY position to reach its next target to lock in more gains, and reduce risk. Once the SPY hits 12.5% gain then I will be much more relieved as we will have a nice gain, and almost no downside risk.

The ACS strategy portfolio is pushing to new all-time highs yet again today, which is a great feeling, and knowing that if the market sells off, it won’t significantly affect our portfolio. That is the joy of managing positions and risk folks! Some of you are upset we hold so much cash and have FOMO, and all I can say is you are looking at things from an emotional standpoint, and not from a risk and long-term growth point of view. Over time, you will see the value in why and how we do things here. WE found it takes more self-directed traders/investors 9 months to go through a couple of market movements to see and feel it, then they get the AHA! moment.

On another note, last night my son Ben had an awesome baseball game! He got home once, and their team went in the outfield, got a triple play out… It felt like professional baseball!!! They caught the team’s pop-fly hit and then threw the ball to second and first to get the two runners out. It was epic!!! One hit, three players out!!!


Chris Vermeulen
Chief Investment Officer
TheTechnicalTraders.com

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