For FullyInformed USA Members here are my notes and chart for today’s big rally.
Every month I get questions from investors wondering why I keep 30% of my entire portfolio in cash. Days like today are the reasons why.
This article looks at today’s big rally most of which occurred in the last few hours of the day. I look at the question of whether it was short covering that pushed the market so high and why in general I do not think this matters. I discuss 4 trade ideas and why I never worry about my cash earning hardly anything all year.
Intraday Chart Analysis After The Close For Aug 26 2015
FullyInformed USA Members can read the latest intraday chart analysis from today’s close directly through this link or they can sign in to the full USA site here. Non-members can join here or read about the benefits of a membership.
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