I've seen far more bullish traders lose money because of the fear of a crash in the markets, versus losing because of a crash. Many opportunities get missed simply because one doesn't have the patience to wait, just one day.
The Dow Jones Industrial Average closed at 17213 on 3/11/16, as the stock market exploded higher today. The S&P 500 tested the 200 day moving average and Wall St. is back to buying stocks again.
The Dow Jones Industrial Average closed at 16995 on 3/10/16, as the stock market traded sideways today. Oil continues to trade around $38 but we will have to see a move above $40 for the market to respond now.
Shake Shack (SHAK) rallied into earnings which caused a sell off when they actually beat numbers. SHAK will have major resistance in the low $40's going forward. If we see $30-$35 again, buy with conviction.
The Dow Jones Industrial Average closed at 16964 on 3/8/16, as the stock market finally saw a pullback Tuesday. All eyes will be on oil prices are this will dictate where we go next. It has been one heck of a rally though!