Monday, October 21, 2013

Time To Get Back In

In Cash as of 9/3/2013
This has been a very difficult market if you are a momentum player with a weeks to months time frame.  Two groups of traders have done well since May.  First are those who are invested very long term (quarters to years) based on fundamental analysis and second are those who play the momentum on short term basis (days to weeks).  I trade the momentum somewhere in between (weeks to months) which happens to be out of sync with what's happening with indices. 

All major indices, except for DJI, closed at new highs on Friday.  It's time to get back in.  My plan is to do my first buy of 4 in 10 RTS stocks and Index ETF's sometime this week.  I will post a detailed plan later tonight.

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.