To gain an edge, this is what you need to know today.
Raise Cash
Consider raising cash. Depending upon your personal preference, it is appropriate to take some partial profits especially on up spikes. For details, please see the ‘Protection Bands and What To Do Now?’ section below.
Fed Was Wrong
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- Earlier this week we wrote:
The seasonality is positive this week but will turn negative next week.
The third quarter is historically the weakest quarter. Markets tend to dip from August to October.