Rally: Trade it or fade it?

[KCalhoun]

Since s&p is near but not over 52w hi, we're likely to get a pullback soon, I think... any thoughts?

If soxl keeps going up I'll buy it, but am also looking at soxs sqqq at current levels if they bounce for a couple of days.

 

[countryBoy641]

Although many people could make big $$$ trading from the long side here, I'm too old and weary to try.
Markets are "pendular".
That means they go in one direction, and then another.
I take my cue from the bond market.
My longs are in the AGs and silver.
GTLA

 

[OptionsOptionsOptions]

The Trend Is Your Friend

 

[Laissez Faire]

Buy if it goes up. Sell if it goes down.

Fading without any basis than the market being 'too high' is a losing proposition, IMO.

 

[Frederick Foresight]

The Trend Is Your Friend

Until the end when it bends. Or so I hear.

 

[KCalhoun]

Watch the afternoon.

 

[murray t turtle]

Since s&p is near but not over 52w hi, we're likely to get a pullback soon, I think... any thoughts?

If soxl keeps going up I'll buy it, but am also looking at soxs sqqq at current levels if they bounce for a couple of days.

%%
MONDAY tends to be a good SPY sell, by the end of day \even in a bull market.
Glanced @ SQQQ, but QQQ is trending so well Up, no thanks on sqqq

 

[KCalhoun]

https://www.cnbc.com/2023/06/05/mor...s-breakout-a-market-correction-is-coming.html

 

[comagnum]

Been shorting the NQ now that the herd has piled in like never before, that's typically the kiss of death.

 

[KCalhoun]

Not to say TOLDYA So... lol... but hey watch out below......

Long soxs etc