The only real trade here is to be long as shorting here is going against the trend. Difficult as it may be to buy after the market has defied all logic that is what needs to be done. However do it sensibly by scaling into positions and do not outright chase stocks that are overbought.

Today I bought HUN, SFD, and DFS while selling DE and trimming CAR & ICO. It’s important to find a balance between taking profits and adding new positions so one doesn’t get too over-weighted in stocks should the market pull a 180.

Pivotfarm - Support and Resistance Trading

3 Responses to “Don’t Overthink This Market – Stay Long”

  1. David A. Says:

    This market doesnt do 180`s

  2. Steve Says:

    Not as long as the FED and its PDs keep the liquidity pump running. June should be interesting.

  3. jeff pierce Says:

    hey steve! how’s fatherhood! I bet the baby is keeping you busy and away from your trading desk.

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