Home Stocks Trading Advantage Stocks – Buyers Are Getting More Weary

0 173

The markets had another all time high hit and we finished the session slightly up for the day. What we are seeing is retraction at these levels. We have seen buyers piling on at the highs but lately we’ve seen risk off trading instead. This could be a sign of things to come. Buyers are getting more weary of buying at these levels and sellers are starting to sense their disinterest. While we don’t have any reason to sell off in the markets, we are due to see some year end profit taking. With earnings season wrapping up soon, this could lead to profit takers by the longer term holders. I am still a bull and won’t hesitate to jump into any short term signal, I am cautious of anything longer term. While I wouldn’t rule out any such opportunity, I am more likely to focus on short term signals. If the market rally continues onward, these signals will still benefit greatly. The risk is also generally smaller and I would rather not have larger risk exposure in some equity names. Continue to buy with confidence but be vigilant of profit takers. Open Position: AMP RHT MCD C AET MXIM AAPL FB Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM



Leave a Reply