Volitile Year Means Lighten Your Equity Holdings
In the last 10 trading days the Dow Jones Industrial Average traded down over 800 points and then rallied over 800 points. This is the year of volatility, if I was a long term investor I would look to lighten up on some equities holdings. I still think the gap down to 16100 will get filled by the second quarter. Also the bank stocks are negative on my work on the weekly chart. Oil on my work has turned up on the daily charts however there is a ton of overhead resistance…after trading as high as 54.28 then a decline to 47.36 oil is again above 50. I have to wait and look for great trading patterns. Gold went 2 dollars above my target I said I would be sell gold between 1260 and 1270.