Important: this is not investment advice. Consult a licensed financial advisor before making any investment decision.
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Hi!
The overall US stock market keeps staying in the indecisive camp.
After a good inflation report and a short lived rally, we are back to square one. See below the Equal Weight SP500:
The market keeps moving in a range that has become tighter and tighter and overall the picture has been deteriorating over the last 3 weeks.
Some big caps have been working well (Microsoft, Meta, and Google last week to name a few).
Mid and especially small caps keep underperforming which is not a good sign.
When looking at all sectors, all of them are in the indecisive or bearish camp.
Time to stay patient and defensive.
My Portfolios (POTS)
10X FREE LARGE CAP MOMENTUM POT (link)
I have 2 positions in the green.
Raised my Stop Loss on OTEX 0.00%↑ to $36.9
I am at around 50% in cash.
Not doing anything this week.
10X SMALL CAPS MOMENTUM POT
Time to celebrate my first stock that doubled (+100%) in the POT!
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