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re: Will trump wreck the economy?
Posted on 6/19/18 at 8:20 am to mrgreenpants
Posted on 6/19/18 at 8:20 am to mrgreenpants
quote:
buying opportunity. the market was WAY overpriced as it was..
So the market WAS overvalued, but now that the index has dropped 1-3% as of late, it is now a buying opportunity?
Posted on 6/19/18 at 10:38 am to LSUcam7
quote:
So the market WAS overvalued, but now that the index has dropped 1-3% as of late, it is now a buying opportunity?
kinda depends on individual stocks...but the sp500 had like 4-5 straight weeks of gains...the SPY is still oversold imo(on monthly charts).
profit taking/corrections should be expected...obviously, the markets are not everyone's personal ATM.
(and not much volatility on SPY puts to indicate geo-political events as cause of any corrections)
persoanlly, the past week or 2 i've been closing positions and watching my remaining (short) options from last qrt expire.
its summer...but i'll prolly open up new positions as opportunity presents as earnings season heats up.
if sp500 drops to 50 moving avg again(on weekly chart)...then i'd be 100% in buying mode
This post was edited on 6/19/18 at 3:04 pm
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