The S&P 500 continues to grind higher, notching a string of all-time highs, and seeing the rally since March foster an "official" bull market.
The pandemic has sped up key structural trends and triggered substantial market swings, precipitating an urgent need to rethink strategic asset allocations. Among the big changes: We favor reduced exposure to nominal developed market (DM) government bonds and greater allocations to inflation-linked bonds, as interest rates approach their lower bounds and inflation risks grow in the medium term.
I want to see some supports getting lost before positioning myself short. So far, I'm following the trend long with close stops.
Thanks for the warning. Your broader perspective helps me question what I'm doing and get ready to change my hat.
RHTrading
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@blondengineer, The week is still young, let's revisit on Friday and compare trades.
Without assuming too much, I think different timeframes are likely the source of disagreement.
First, my weekly "call" is a bias and doesn't necessarily mean that I am making a trade.
Second, my weekly chart is on the 1hr timeframe and has no relation to the "call" which typically is made from the 1-day, 4-hr timeframe.
Successful trading is always an emotional battle. A man must know himself thoroughly if he is going to make a good job out of trading, and life.