The writer’s point of view is hat we are in the latter half of a lengthy bear market. I think that agrees with the secular bear market point of view, and that we’re now in a cyclical bull market. I tend to agree with that.
In addition, I think it’s important to be long right now. But looking at the seasonal stuff, and since we’re right near the bull market peak, I’m wondering if we’ll see a trading range for awhile. And that’s been my position since January 18th, when I sold high beta and went into lower beta.
Yeah, I’m repeating myself a bit, but lets look at a chart of the QQQ:
The SPY:
The DIA:
So the January 18th date isn’t THE date for the market, but looks like the trading range idea was valid. And the NDX (QQQ) is below the 1/18 number for now.