Indices too high ?

Here we are, making five year high in Dow on Friday @ 13661.87.....

Dow comfortably sitting @ 13610.15 @ close.....

SO..right @ this hallmark TAPE ...everybody is afraid of this market.....

RSI in Dow @ 63.91......

Looking @ technicals, there is nothing which should make anyone "too nervous"

YES..pullbacks are "normal" in any strong bull market....

YES..in any pullbacks NOT everything goes down....

SO... IF you have a well diversified portfolio, there is nothing to be afraid of....

YES..earnings are starting with AA which is in a "bad neighborhood" & may give bears another chance of harping .."see i told you" earnings will be bad.

Some techs are also in "bad neighborhood" & have the potential of "missing reduced expectations"

BUT those event are "buying opportunity"

Again...my simple & repeat advice is "do NOT try to be a market technician" but try to be "opportunistic" in  booking profit & buying same stocks a touch cheaper......

YES..trading stocks pays off better in short term.....

Try to FOCUS on better behaving "new leaders"

Market goes UP & market goes DOWN....but booking profit is a real talent.

TAPE is showing "change in leadership"..it IS important to stay current.

Always measure "risk / reward ratio with each sell & buy......

Good luck with your "reasoned approach" to buy & sell .....

Develop a "guru" in yourself, you can do better trading than so-called pundits on CNBC.

Please do not forget, this IS a major "bull market"..stay with TAPE & FED.

Never fight the TAPE or Fed.....

Pay attention to stocks closing GREEN.....

BLOG does NOT give buy or sell.

Saleem