We Are About To Learn A Lot About Rally Attempt In Stocks - Seeking Alpha
Chris Ciovacco has written another outstanding article about whether to have a risk-on or risk-off approach to owning stocks. Currently, Chris holds both TLT (bonds) and QQQ (tech stocks) while it is not yet clear about a long term trend. He showed a 2014 SPY:AGG chart where the short term trend is bearish because the 3-day and 5-day EMA lines are below the price chart. So, profits need to be taken quickly no matter which side of the fence you are on because volatility has returned to the market. It is an environment for chart lovers rather than buy and hold investors.
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