I am having too many second thoughts over weekend and still today.
Exited shorts at basically a wash. (lost a couple nickels)
PTLO down big today, which is a bummer.
Lot of stocks down except Mag 7, it seems.
Part of my waffling is tied to the idea of an index. Will Mag 7 falter? Is equal weight RSP a better way to go? But aren’t those non-Mag7 all due for breadth/rebalance…meaning they could go up when Mag7 goes down?
Too many variables.
Reminding myself that I seem better at buying entries than timing shorts.
If we climb well above 4400 I may change my mind and put shorts back on our buy a put or two. Will see.
I have mentioned before that the “Meh” markets are the worst. When it is not obvious that we are oversold or overbought, it is harder to pick the short-term direction.
This is the benefit of having entry price targets…you know when you hit them!
Back to about 80% cash and maybe will put shorts back on as a hedge if I start buying more Longs. Not at that place right now, though.
Dreamer