Hi readers
So the market is performing as expected.
When we look at the moves we see that a number of stocks have come a long way while others have struggled.
That's why we see such huge differences in the indexes, due to the weighting of certain stocks.
Example in Australia BHP was a big weighting in the ASX200, hence that index has moved up almost 8% in a week.
On the flip side APPL weighting has dragged the S&P and NAS, 6%..
Please note that it's not set in stone that market must recap all of the % move the opposite side. It's a guide.
So these are just examples nothing more.
So today markets will be positive, and I will be closing out of all long positions.
As stated previously next week a reality check will set in and we could loose a fair amount of the gain the market has achieved this week.
Remember readers we are traders not Bulls or Bears.
Yes we might have got out of BHP early but we I did make over 10% in 5 trading days, so I'm happy with that.
To the German readers, liquidate Volkswagen stock also as it can drop Again.
In regards to the U.S. indexes carrying long position over the weekend is at your own risk.
Be smart take the money and reassess next week .
As my Japanese trading mentor once said to me many moons ago " it's ok to leave a little bit on the table, your not going to find suckers if you don't."
THINK ABOUT IT.
To my NFL friends.. Steeler I believe will win this week , so to the Packer.
Yes I am a huge fan of GB and PITTS...
Not a NE fan just want to see them get to the Super Bowl and loose to either the GB or PITTS.
It's just my view but Tom Brady knew all along that the ball was flat last year.
But the NFL just want it to go away.
Enjoy your weekend guy.
So the market is performing as expected.
When we look at the moves we see that a number of stocks have come a long way while others have struggled.
That's why we see such huge differences in the indexes, due to the weighting of certain stocks.
Example in Australia BHP was a big weighting in the ASX200, hence that index has moved up almost 8% in a week.
On the flip side APPL weighting has dragged the S&P and NAS, 6%..
Please note that it's not set in stone that market must recap all of the % move the opposite side. It's a guide.
So these are just examples nothing more.
So today markets will be positive, and I will be closing out of all long positions.
As stated previously next week a reality check will set in and we could loose a fair amount of the gain the market has achieved this week.
Remember readers we are traders not Bulls or Bears.
Yes we might have got out of BHP early but we I did make over 10% in 5 trading days, so I'm happy with that.
To the German readers, liquidate Volkswagen stock also as it can drop Again.
In regards to the U.S. indexes carrying long position over the weekend is at your own risk.
Be smart take the money and reassess next week .
As my Japanese trading mentor once said to me many moons ago " it's ok to leave a little bit on the table, your not going to find suckers if you don't."
THINK ABOUT IT.
To my NFL friends.. Steeler I believe will win this week , so to the Packer.
Yes I am a huge fan of GB and PITTS...
Not a NE fan just want to see them get to the Super Bowl and loose to either the GB or PITTS.
It's just my view but Tom Brady knew all along that the ball was flat last year.
But the NFL just want it to go away.
Enjoy your weekend guy.
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