That is correct Lake. I was thinking if the S&P broke the 200sma and started living underneath it that we would have another leg down. But it looks like Trump reversed his position on Tariffs, or moved them out till July on the EU, so the market is rallying. As you know , this is making it very hard to judge the market. But I would say we are off to the races again. I am still waiting for the tariffs on Drug companies, there are some I would like to own, but if the tariffs are initially high, we should get a good buying opportunity. But at some point the market is going to get tired of these tweets and just ignore them. That is the time we should get a good feeling on how this market it doing. What do you think?
Edit: One thing I should tell you. Although I thought and do think we will have a 3rd leg down I have been fully invested. why? Because that is what the market has been telling me. We are in a power trend and the markets have been doing great. I do not let my gut feelings get in the way of the market. Now if the S&P would have dropped and stayed under the 200sma I probably would have started selling and gone to cash. Hopefully some of my stocks would have held up. Fix and Rbrk have been holding up very well.