The markets are digesting the Fed news from yesterday and the extremely overbought situation. We have options expiration tomorrow which should only add to the volatilty. It is great to see the market hold it's gains but we are neither a buyer or seller here.
We will look at hundreds of charts over the weekend and get a decent feel for some possible longs and shorts.
We took a small hit to the portfolio the past few days but still have decent gains from the original push higher last week. Steady as she goes at this point and maybe we will get the typical rally in April and then....sell in May and go away!
Trade well,
Trader D
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