This post was just published on ZYX Buy Change Alert.
The signals to buy S&P 500 ETF (SPY) and ULTRA S&P 500 ETF (SSO) were given on Christmas Eve. If you were correctly following the ZYX Method, most of your accumulation would have been close to the lows. One trading day later, there has been a historic over 1000 point up move in DJIA. It is simply prudent to take partial profits here. SPY is trading at $246.09 as of this writing. SSO is trading at $89.88 as of this writing. There is a 65% probability of the rally continuing. However, investors should be mindful of a 25% probability of a pullback and 10% probability of the market being range bound.
The amount of partial profits to take depends on how you accumulated and your personal preference.
Proper accumulation and partial profit taking is taught in detail in the coaching seminar Bullet Proof Your Portfolio and Increase Your Returns
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