Two Sentence Traders

Rally's real, don't sell into it yet

By rummy ·

First day in a while you don't have to flinch opening the portfolio, big gainers across the board and overnight action in Korea and $AMZN looks promising too. $US500 is breaking out of its channel here, and the read is simple: don't sell two days into a rally after a month of pain, no need to hover over the sell button. Bottom's still not confirmed though, no textbook bottoming signal yet, so we're not calling it done, just not fighting it either. DCA on strength if tomorrow's price action holds.

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Aggregated and distilled by Two Sentence Traders. Not financial advice.