I bought a big piece of SPY, smaller pieces of XLF, JPM, LMT, RTN, shortly after Feb. 6. All are up nicely. I got about half invested, have just watched since then. I sold a few things Thursday last week. I find it hard to believe this 10% correction is over in 2 weeks. I expect a test of the recent high at 2875, but I suspect it will fail, then we'll drop and test the recent low and the correction will last a few more weeks. I expect to do some selling if we fail to go to new highs, and hope to buy back in on weakness. Earnings season will start around April 10th, the first earnings reports under the new corporate tax cuts. I expect we'll see some profits that are strikingly higher than recent history, and I expect that will juice the market up. Many times, the market does not do what I expect, so I keep watching.
Posted 19 March 2018 - 03:15 PM
I've been out for a couple of weeks, just looked at a couple of individual stocks. Today I'm glad I stayed out. I hope to find a tradeable bottom to get ready for earnings season around April 10th.
Blogging at http://RichInvesting.wordpress.com
My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.