Job Report stunk the market up pretty severely today – Market was expecting losses of 170k instead of 263k. I though Obama said he saved 2 million jobs already????? Anyways, I got out of my Apple (AAPL) position this morning on some analyst saying some positive stuff about it. It was a great opportunity to get out on the up while everything else was on the down.
There’s a good chance, and I mean a good chance, that we may have seen the top of this rally. I’ve been bullish up until yesterday (even though I hated being such), because frankly, the market had thrown out logic and rationale, and I wasn’t about to stand in its way. Well, it looks like the scales have been lifted from the market’s eyes, and has gotten a good dose of reality and I’ll be trying to get out of any position I can today. I have raised my stop-losses in all of my positions so be aware of that too.
No stock-watch today, I want to see how the market plays out today, and then go from there. I may play with some ultra-short ETF’s here and there throughout the day though.
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How does war impact the stock market and what are the potential risks and hazards that impact traders attempting to remain profitable in their swing trading? In this podcast episode, Ryan Mallory covers everything managing the volatility that comes with the headline risk, dealing with heightened levels of emotions, securing open profits, and market exposure to uncertainty in the stock market.
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