The market wants to rally short-term, but it just can’t find the buyers. An uptrend has to have a number of new 52-week highs, and there are very few at the moment.
VIX Squared has reported on Twitter that bullish sentiment is now down to a level that favors stock prices from a contrarian point-of-view.
Investors.com pointed readers to a CBO report that estimates the Federal deficit to be at least 2 Trillion dollars by 2028. Insanity!
Buy large cap stocks and ETFs on pullbacks of the medium-term trend.
Buy small cap growth stocks on break outs to new highs during short-term up trends.
Stop buying when the short-term trend is at the top of the range.
Take partial profits when the uptrend starts to struggle at the highs.
Never invest based on personal politics.