Back On Track - Monday, January 23
The inauguration came and went, followed by massive marches and demonstration against the new President, but stocks continue to hold well.
If they can’t fall today, then when will they?
I don’t see any reason why we won’t see this bull market continue so buying dips is the strategy to follow, in the best stocks of course.
The best markets are when we see early weakness followed by strength into the close, and we are seeing that.
My apologies for not getting a precious metals letter, nor blog, nor Trade Ideas out on the weekend.
I felt it coming Friday and by Saturday the flu was strong.
Sunday wasn’t much better but after a weekend of rest and taking care, I’m just heavily stuffed up and back to near normal.
It amazes me every single time just how debilitating and achy it is.
No fun!
Nothing wrong with this SPY chart who’s holding the 21 day average and uptrend line while looking set for more upside with a reverse head and shoulders pattern pretty clear now.