Market Update - 1/18/2025
• bulls are back
• my breadth indicator finally showed a buy signal on Friday, indexes have retaken key moving averages after a month of consolidation
• seems like a healthy correction and we have all the reasons to have another leg higher
• would note that I'm still minimally invested and have only 2 positions, keeping size small, until I see more traction
• in general, there are still not that many great setups I like to buy, so that's another sign for being cautious
• my breadth indicator finally showed a buy signal on Friday, indexes have retaken key moving averages after a month of consolidation
• seems like a healthy correction and we have all the reasons to have another leg higher
• would note that I'm still minimally invested and have only 2 positions, keeping size small, until I see more traction
• in general, there are still not that many great setups I like to buy, so that's another sign for being cautious
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.