“Remember always that you are just a visitor here, a traveler passing through. Your stay is but short and the moment of your departure unknown.” ~ Dhammavadaka
Below is a nice chart of how our markets ended up trading after the first month of 2016 (S&P -5.04%, DOW -5.07%, Nasdaq -7.86%)!
After a choppy week (up one day, down the next) for the S&P, it formed a bear flag. However, Friday's action let it close above the bear flag and the 20 SMA (red line) on chart below. This is a good sign that we may head up from here. Of course time will tell us for how long this bounce will last, but I'll be looking for some swing trades next week. I'm currently in XLI with a nice gain, but had 2 failed trades earlier this week with FDN and VOO.
“Sometimes the grass is greener on the other side because it’s fake.” ~ Author Unknown
“You can never make the same mistake twice because the second time you make it, it’s not a mistake, it’s a choice.” ~ Author Unknown
“Your peace is more important than driving yourself crazy trying to understand why something happened the way it did. Let it go.” ~ Mandy Hale
“Everyone is trying to accomplish something big, not realizing that life is made up of little things.” ~ Frank Clark
“An intelligent person is never afraid or ashamed to find errors in his understanding of things.” ~ Bryant McGill
"Not everything that counts can be counted, and not everything that can be counted counts." ~Albert Einstein
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Disclaimer: Information on this website is to be used for educational purposes only. Information found here are personal opinions and not advice from a professional financial advisor or broker. All trading and investing comes with risk!