Long SPY
Updated
Just because everybody is expecting that it will reverse from 280 (just like everyone expected it to happen at 261 and at 270 points).
Major averages indicate that trend is UP and all I do is follow it.
There was no reasons for a major bear market, we had a 3 month long 20% correction and now we are in a bull market. US companies will spend
1T this year on buybacks, want it or not, but this will help market to go up as usual. US-China trade war is already long priced in, China's stocks had almost 30-50% correction and most reversed to uptrend end of December. Expect some choppiness and turbulence at $280 price point. SMA200 and SMA50 are trending up, and soon sky will be clear: in a couple of weeks SMA50 will cross over SMA200 and you can use 100% leverage in your portfolio.
Major averages indicate that trend is UP and all I do is follow it.
There was no reasons for a major bear market, we had a 3 month long 20% correction and now we are in a bull market. US companies will spend
1T this year on buybacks, want it or not, but this will help market to go up as usual. US-China trade war is already long priced in, China's stocks had almost 30-50% correction and most reversed to uptrend end of December. Expect some choppiness and turbulence at $280 price point. SMA200 and SMA50 are trending up, and soon sky will be clear: in a couple of weeks SMA50 will cross over SMA200 and you can use 100% leverage in your portfolio.Note
After a couple of red days since the idea was posted, market went straight up for exactly 1 year:
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