Gold since 1920

                                    Source: The Bloomberg

From the book: Trade Like a Stock Market Wizard

• “I never go against the long-term trend.”
• “You can’t predict the market any more than you can predict where the ball will drop during the next spin of a roulette wheel.”
• “...I would never bet on my fundamental ideas alone without confirmation from the actual price action of the underlying stock.”
• “Let the strength of the market tell you where to put your money, not your personal opinion…”
• “Markets are far more often correct than are personal opinions or even expert forecasts.”
• “If the stock doesn’t act as expected, that’s a major red flag.”
• “A stop-loss regime is essential.”
• “Inevitably, however, a good stop-loss practice will shake you out of some winning stocks.”

Another impressive rally in stocks pushed the S&P 500 to a fresh closing high, up 18% year-to-date.

 

So-called quadruple witching options expiration tomorrow could yield some early volatility.

Max, 10 weeks old. Yesterday was his first time out behind the house, waking by the river.