As an investor, where will you put the money right now? The stocks are crazily over priced, the bonds are low, the interest rates are going to go up, will you take profit or hope its going to go even higher? Me, I am definitely not betting on long.
My favorite instrument to trade these days:) Yes, we finally have a new high, but wait, am I seeing a divergence in RSI? As these are secondary indicators, they sometimes do not work but it is something to note. I have several Sell positions and will continue to create more if the index go up. This is how I hedge my portfolio at efaari.com
Last week’s strong Jobs data has helped the index as it tries to shake off the Brexit shadows. We have a bullish engulfing and I will be looking for confirmation. I will look for a close above the 13MA to enter long.