“To be prepared against surprise is to be trained. To be prepared for surprise is to be educated.” James Carse

Well, I am slowly starting to rebuild a long portfolio and I started with GS today.

This market just wants to continue its grind higher by the looks of it but I am being very selective and not rushing my buying.

I wait for buy levels to appear, then buy when they breakout and get out if the breakout fails.

Pretty simple really!

(Click on image to enlarge)

SPY is acting fine here and the next real breakout is the downtrend line at 137.50.

If we move past said level then new all-time highs are imminent, again.