Mar
Money Management is Still Important
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The entry points were hit on several of the watch list candidates today. The broad sectors continue to break higher as investor optimism expands. Today the commodities joined the party pushing higher. The key point on the day has to be the technical move on the broad market indexes. The S&P 500 index moved above 1115 and the NASDAQ above 2273. The S&P 600 small cap index move to 344 or one point above the January high. This could be the push the broad markets were looking for to regain the uptrend momentum. We have to watch and see how this plays out short term.
Optimism is present, but confidence seems to still be dormant. I remain patient as I willingly take what the market gives and protect against the downside risk still present.
The table and video are updated. Today we address the management of entry and exit on each play.
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