8 straight up days in a row, time to take profits. over the last couple of days, I have been selling into the rally. Made a nice profit of 20+%. if this keeps up I will be completely in cash in the next few days.
This rally may last for a while but we are still in this bottoming process and we will come back down to re-test the lows set in early March. I will be waiting at the station to load up again.
Don't think we will be in for a sustained rally until the 2nd half of the year. I could be wrong but earnings season is coming up and I dont' think the news is going to be good.
..... but I could be wrong and this rally could turn into a new bull market, but I rather make my profit and wait for another opportunity.
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