“To be prepared against surprise is to be trained. To be prepared for surprise is to be educated.” James Carse
Well, I am slowly starting to rebuild a long portfolio and I started with Goldman Sachs Group Inc (NYSE:GS) on Thursday.
This market just wants to continue its grind higher by the looks of it but I am being very selective and not rushing my buying.
I wait for buy levels to appear, then buy when they breakout and get out if the breakout fails.
Pretty simple really!
SPDR S&P 500 (NYSE:SPY) is acting fine here and the next real breakout is the downtrend line at 137.50.
If we move past said level then new all-time highs are imminent, again.