The stock market has a V-shaped correction and recovery. I weather the storm, not doing much, escaping without major damage. During the lows, the subject line might have been: Timber! Or Look Out Below.
Here are some ETFs year to date:
SLV silver 21.3%
GLD gold 16.7%
SPY SP500 16.6%
QQQ Nasdaq 100 16.0%
EEM emerging mkt 8.0%
IWM Russell 2000 5.9%
TLT US20 yr -1.5%
My trading account +18.3%, grade is C+. The glass half empty person might see the missed opportunities. Nimble traders that rode the roller coaster down then up, made good money. The glass half full person sees the potential for getting in wrong on both moves. I have never been great at timing short term market moves.
My tendency is to balance back towards a neutral stance. My instincts tend to be terrible. I have to fight the emotional responses, and tell myself what is likely to happen. Rule number one remains, Live to Trade another day. Those with substantial accounts (more than 10x annual wages) can not afford to have huge drawdowns.
The rally seems suspect. Nvidia earnings may be a market mover. However, so many are taking positions, expecting a big move, that it may be near non-event. That’s what I am leaning towards, a slightly bullish stance, selling premium. For the market, same, leaning bullish, but not aggressively so.
