• Breadth is still flat/declining, lots of breakouts have failed and I got shaken out of all my positions so I'm flat
• Money is still flowing into safe assets like XLP and XLU, now also TLT, and the market is held up by large cap growth stocks, but the majority of the market is not going anywhere -> chop
• This is the worst environment for me so I decided to scale down and closed even some positions that were okay, go flat and take a break. Next week I'm on vacation, I don't expect anything exciting anyway
• Money is still flowing into safe assets like XLP and XLU, now also TLT, and the market is held up by large cap growth stocks, but the majority of the market is not going anywhere -> chop
• This is the worst environment for me so I decided to scale down and closed even some positions that were okay, go flat and take a break. Next week I'm on vacation, I don't expect anything exciting anyway
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.