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10/26/23 Maybe safe to start load some long positions.

(2023-11-01 07:58:02) 下一個

Looks like maybe safe to start accumulating some long positions SPY around 410 area. Yes, I loaded some (around 30%) SPY today, stop cut will be around SPY 395.  It is kind of still aggressive (left-trading) for this portion of positions. 

The market is still in big distribution phase, and did not see signal of changing direction yet. But maybe too later for me to start a new Short position at this point.

Good luck.

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