4 Sep (Part 1: Market is giving way!)
As the election draws nearer, the market is getting more volatile.
After we had a good bounce off the 200EMA, the level of emotion is now GREEDY
again. Thus it is good to be careful, which is why I was taking profit off the table
previously and I hope you did too! Because this will be our firepower when the
market retraces. I think the SP500 will retrace back to 50 or 100 EMA before
bouncing up again.
Overall, the market fundamentals are still strong, so I am not too concerned in the
longer term. Just being opportunistic in the short term.
Read on for the rest of my best ideas!
SMG 4 Sep Update (Public).pdf