When there is a looming unknown in the market, sometimes the best approach is to not be in the market. I looked long and hard today for a new position that I felt comfortable with ahead of the Thursday Brexit event. I am sorry to say I could not find one. The big short squeeze on Monday threw a lot of charts into disarray. The impending Russell rebalance on Friday is going to result in some volatility in the small cap sector that we play.
I have no problem jumping into traffic if I have a stock I feel needs to be added to the portfolio but I could not find one today given the approaching market risk. As I have said before I want to get out of the mandatory daily play because every day is not a buying opportunity.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays