Markets rallied today after Friday's sell-off- I think up some 1%.
When i checked my current remaining PJP- it barely moved up .25%
XBI was also a very modest +.20%-
OIH up just .27%
FXI- China growthi is the subject with market regulation a concern- FXI losing it's recent momentum.
Always makes me concerned when a position does not move as well as the market.
HACK gained 1.72%. Cyber security near an all-time high-Potential breakout range higher.
SPY +.91%
In order for the SPY to jump almost 1% - Where did the momentum come from?
It certainly was not from healthcare or biotech.....
Let's take the value fund- Warren's - BRKB up almost 1%. "after a decent steady decline and lack of participation .......even BRK.B has a PE of 17.62"
QQQ +1.5% .
Goldman Sachs recently recommended a higher cash position .
Earnings are coming in this week-
I think this Bull run well exceeds the Averages in duration & % gain. This gives me a bearish bias- We are likely over valued- and ultimately the market gets back to the basics- eventually.
Earnings and valuations.
To me , this reinforces the idea that a faster time frame strategy can have less downside and capture some upside- But one can also reduce exposure by becoming more conservative in the position size one takes. If the territory becomes unfamiliar- don't make the same assumptions as in the past.....
The market responds to Policy interpretation- There is a man- or Men behind the curtain- and they are uncertain .....It would seem that the market is assessing what the FED interpretation might be of the present Data-
Consider the RISK - and also the Reward- Maybe we are no longer in Kansas
Without Inflation being a large concern- a larger cash position does not gain, but does not lose value- and offers an opportunity for the value buyer to take advantage of a market decline- IF & when one should occur.
If one is fully invested presently, it will be difficult to take advantage of a possible decline.
I wish i had something of substance to share here- but I'm not even trying to push a new trade in any direction- I'm holding some PJP with a stop to take a profit- but ultimately want to expand this narrow universe- but today- Now- is not the time to make such a move.
Just take a deep breath- is what i tell myself- I do not have to be fully Invested- or Trading - with my full position. This is important that a trader not feel pressured to be active 100% of the time. It is OK to sit on the sidelines- and not force a trade. Even if the market rallies this week. I have th entire year to look forward to.
This attitude also works with my present schedule & it's limitations.
This is a very simplistic view- but the OWNER (the Market) is why we are here to begin with- There is no logic in trying to Fight with the Owner. The owner always wins-eventually. We schedule our trades to work WITH the Owner's direction.
Even with a fair amount of available cash now on hand- I'm not pushing any trades tonight- i want to evaluate a new defined way to determine asset allocation- Where do i want exposure outside of Pharma & Biotech?
With the larger cash infusion in the Roth, I need to make some decisions as to what this account represents, how it is allocated.
When i checked my current remaining PJP- it barely moved up .25%
XBI was also a very modest +.20%-
OIH up just .27%
FXI- China growthi is the subject with market regulation a concern- FXI losing it's recent momentum.
Always makes me concerned when a position does not move as well as the market.
HACK gained 1.72%. Cyber security near an all-time high-Potential breakout range higher.
SPY +.91%
In order for the SPY to jump almost 1% - Where did the momentum come from?
It certainly was not from healthcare or biotech.....
Let's take the value fund- Warren's - BRKB up almost 1%. "after a decent steady decline and lack of participation .......even BRK.B has a PE of 17.62"
QQQ +1.5% .
Goldman Sachs recently recommended a higher cash position .
Earnings are coming in this week-
I think this Bull run well exceeds the Averages in duration & % gain. This gives me a bearish bias- We are likely over valued- and ultimately the market gets back to the basics- eventually.
Earnings and valuations.
To me , this reinforces the idea that a faster time frame strategy can have less downside and capture some upside- But one can also reduce exposure by becoming more conservative in the position size one takes. If the territory becomes unfamiliar- don't make the same assumptions as in the past.....
The market responds to Policy interpretation- There is a man- or Men behind the curtain- and they are uncertain .....It would seem that the market is assessing what the FED interpretation might be of the present Data-
Consider the RISK - and also the Reward- Maybe we are no longer in Kansas
Without Inflation being a large concern- a larger cash position does not gain, but does not lose value- and offers an opportunity for the value buyer to take advantage of a market decline- IF & when one should occur.
If one is fully invested presently, it will be difficult to take advantage of a possible decline.
I wish i had something of substance to share here- but I'm not even trying to push a new trade in any direction- I'm holding some PJP with a stop to take a profit- but ultimately want to expand this narrow universe- but today- Now- is not the time to make such a move.
Just take a deep breath- is what i tell myself- I do not have to be fully Invested- or Trading - with my full position. This is important that a trader not feel pressured to be active 100% of the time. It is OK to sit on the sidelines- and not force a trade. Even if the market rallies this week. I have th entire year to look forward to.
This attitude also works with my present schedule & it's limitations.
This is a very simplistic view- but the OWNER (the Market) is why we are here to begin with- There is no logic in trying to Fight with the Owner. The owner always wins-eventually. We schedule our trades to work WITH the Owner's direction.
Even with a fair amount of available cash now on hand- I'm not pushing any trades tonight- i want to evaluate a new defined way to determine asset allocation- Where do i want exposure outside of Pharma & Biotech?
With the larger cash infusion in the Roth, I need to make some decisions as to what this account represents, how it is allocated.
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