09-11-2021, 08:48 PM
That might be good timing. I am feeling little urgency until I see if SPY and QQQ hold support. DOW pretty much rolled over and Russell was not in an uptrend for a long time. I'm not big on technicals but the algos are so it doesn't hurt to pay attention. I want that 5-10% market correction that puts some stocks on a true discount. I am not going to stress missing a couple % pullback. I do think our best shot is SEP-OCT. Inflation may be peaking now and it may look ugly. Add some political fighting about stimulus. Nobody sees a big correction coming so they may buy the dips and this dip fizzles out. We'll be better off if the flyers finally consolidate but it seems impossible.
Anyway this week may provide a clue. Either way a few sectors look good now but I suspect most of us are already invested there.
Anyway this week may provide a clue. Either way a few sectors look good now but I suspect most of us are already invested there.