A reader wrote to us after FOMC announcement to say:
"Thank you very much. 🙏🏻 God bless you. You are a gift for a new trader like me. Took profits today early morning on my investments and then watched the show down in afternoon. 🙏"
- Abhi P
We are very happy to hear that our market analysis and timely alerts helped our readers to lock in profits like this.
Our short-term indicators turned bearish last week. In turn our readers were warned about the gap down on Mon 4/30/19. They were also warned about the high probability of a bearish response after FOMC announcement. That's how our reader Abhi knew in advance to take his profits and stayed out.
Getting back to the market actions, the question on trader's mind is this. Is today's sell-off the start of a down trend? Or perhaps just some short-term profit taking?
On the surface, it seems like just short-term profit taking. A knee-jerk reaction to some benign worries. Perhaps!
We discussed in more details a couple of scenarios to look for, how to trade the market for the short-term, as well as what to do about long-term investments such as 401k plans.
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Also, take a look at our trading record which has locked in 43.22% profit since start of March. If you like what you see, read more about our trading strategy here.