This is not a market top, via Howard Lindzon
I will likely do some rotation in my portfolio to add a few new names and sell down some winners if we keep rocking higher under the faucet of the Fed.
I have been short these type of rallies. I feel the ‘smart money’ pain. The world is more upset today than at the bottom in 2008. Hard to believe, but that’s how I read it.
Vs.Greg Schnell over at stockcharts.com gets cautious
I will likely do some rotation in my portfolio to add a few new names and sell down some winners if we keep rocking higher under the faucet of the Fed.
I have been short these type of rallies. I feel the ‘smart money’ pain. The world is more upset today than at the bottom in 2008. Hard to believe, but that’s how I read it.
Vs.Greg Schnell over at stockcharts.com gets cautious
Anyway, this is the highest reading in 4 years which would lead me to be more cautious here.
As for me, I am waiting for the information release I expect at the $150 price level on the SPY.
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