From the link:
Well, uh, CNN Money’s Fear and Greed Index rose to 85 at an “extreme greed” level (see Nasdaq Composite chart with the index in the link). Really an extreme greed level! It can hold or keep going up but it is signaling that the market is truly on borrowed time before a pull-back, maybe one or two days before a drop (see the chart in the link for the last two times the index climbed above 80).
So, uh…we will see how it goes this week but Monday, for a swing trader, would not be a bad day to sell at least some into any more strength, and tighten stops on anything left.
CNN MONEY'S FEAR AND GREED INDEX
..."for a swing trader, would not be a bad day to sell at least some into any more strength, and tighten stops on anything left."
Still walking up the white-line fever...
That is the further strength...and today's open is now the tightened stop.
Good luck and good trading.
Edited by diogenes227, 02 October 2017 - 09:18 AM.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."