It is time for some profit taking, been a nice run up here.
Keeping quite a bit long as the bias is still higher.
Will be buying any dips.
Taking Some Profit
Started by
MikeyG
, Jun 03 2023 07:05 AM
1 reply to this topic
#1
MikeyG
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- Traders-Talk User
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Posted 03 June 2023 - 07:05 AM
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
#2
linrom1
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- Traders-Talk User
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Posted 03 June 2023 - 09:34 AM
https://decisionpoin...ning-p-426.html
Today, we saw broadening of participation by comparing the percentage change of the cap-weighted version of the S&P 500, SPY (+1.50%), versus the equal-weighted, RSP (+2.25%), which shows that today's RSP advanced 52% more than SPY.
Conclusion: This is only one day's action, but we think it shows a turning point. We've often been asked what it would take for us to move to the bull camp, and we always reply "bias", we need to see the broader market participating. We are seeing that now.
Ridiculous analysis. What's going to happen to large caps while small ones are advancing?
