There are plenty of reasons for concern in this market.
Breadth is narrowing.
Volume is lighter on rallies.
Inflation remains elevated.
Oil is bid.
Bond yields are rising.
Good. Be aware of it.
But manage each stock on its own merits.
The market climbs a wall of worry. Strong stocks often keep working longer than people expect.
Focus on:
• risk management
• market structure
• relative strength
• leadership behavior
Not prediction.
Equities continue absorbing macro pressure. Until price and structure change, the trend remains intact.
When conditions get extended:
• reduce size on new positions
• stay selective
• don’t buy weak dips
• buy strength after confirmation
Only price pays.
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