This is a very forgiving market if you are a bull following the trend. If you are a bull who wants to wait for a "pullback", or buy on the cheap, you have been out of luck. It is a time where the market will not go down much, because the herd is still moving towards risky assets. The migration protects a bullish trader against big down moves, because there is a big supply of "wait for a pullback" bulls looking to get in on any dip.
We are still in the middle of the migration. The selloffs don't last more than a day. And they don't linger at lows, they bounce right back later in the day or the next day. This market is not giving you much time to buy low. It is giving you a lot of time to buy high. This is the time to be a fearless bull, not when you get your nice convenient pullback but with toppy action. The most bullish two markets I see right now are U.S. stocks and the USDJPY (short yen). Get long at any price. You are safe for at least the remainder of the month.
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The information contained on this website and from any communication related to the author's blog is for informational purposes only. The analysis and commentary do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading or investment strategy. The materials on this website do not constitute an offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.
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