I was expecting a pullback in the stock market after failing the 20; I didn’t foresee a 100 point drop into the close. However, when I checked back after 3:00 and saw we dropped 200 points, a strange calm came over me (contrary to popular belief.) Maybe the idea of being in control over the market, as strange as it sounds, means not trying to have any control at all. I just left things alone, and by not focusing on the market, you learn to focus on other areas in life that perhaps needed more work. The stock market, in return, somehow always finds its way back (especially right when you sell.) So, being patient, buying the dips, and immunizing yourself from these bipolar markets will continue to be the focus.
Update From Monday- (Broke the 20 day mvag Monday but the market was resilient and bounced back- above the 20 Wednesday. We need the S&P 500 and Dow to stay above the 20 tomorrow or we could rollover due to lower highs and lower lows.) We also added 50 shares of UPRO at 100. Yes, that was where the 50 day moving avg was (bullish support.) But truthfully, I did not add because of the 50 day; I added because our strategy is to buy the S&P 500 triple on dips at 100, 95, 90, & 85. (We are still in PHM FB & BAC as well).
Need a hold of the 20 day moving average tomorrow or a close above yesterday’s price (which was roughly 108, where my mouse is.)
