US Stock market in bull mode again.....

 US stock market, goes from testing & violating support over & over....

SO we go from " all is clear " to " retest of support "

SO bears are so entrenched in their thesis, they are very vocal & sure, we will hit new lows..

BUT we keep defying everybody...bull or bear...and hanging precariously between those 2 extreme conclusion

AS we say ..Market is always right....so we are stuck in a very narrow trading range

It has become a trading market until Fed pivots...that may be few months away...

Jobs report shows continued sign of strength keeps the Fed Funds rate higher for long approach

About market, we may have few days of positive TAPE but may reverse course on first sign of economic strength or inflation.

SO be nimble take profit when you see .....

In case you are wondering, I practice what I preach.....

Once I hit my sell target, I exit....

This market remains very difficult for every type of Investor or trader.

I get very bullish when we are testing support BUT quickly book profit @ first chance, which is keeping me ahead.

How you play this market Is for you to figure out, It Is never smooth ceiling

Make sure your strategy to keep stocks are on sound fundamental reasons NOT wishful thinking.

Money needs to deployed with great care and for productive strategy, case in point SHOP & MRVL earnings both disappointed BUT I kept & added SHOP BUT Sold MRVL...based on fundamentals and my take of that sector....

SO no straight formulae can be deployed....be flexible and read earnings report for direction...

In the end, nobody is right or wrong...as long as you are protecting capital & better IF you are making money then, you have the right strategy.

Good luck with your own strategy and comfort level.

BLOG does NOT give buy or sell.

Saleem