Hold off on pressing your sell buttons.
While The DJT's retreat away from hitting new all time highs doesn't signal the bull market we've been waiting for, it does paint a potential picture of a cooling off period.
Here's the thing, with the DOW hitting new highs not being confirmed by the DJT, it signals more whipsaw sell offs are likely on the table. So don't be surprised to see a heafty sell off. But don't be surprised if that sell off bottoms quickly and turns into another rally.
This has pretty well been the investing case for the better part of 3 years. The primary trend is still "up" for now. I plan to invest acordingly and for the long term.
I won't have much to say now unless a milestone is reached up or down, or unless the markets change direction drastically. Plus, I'm paying closer attention to the weekly highs (which is the 9199.65 mark I've been watching anyhow). If we get to even a penny beyond that level on a daily close, I'm all in.
Happy investing.
