Lions! Why Now May Be A Good Time To Pull Some Profits From Stocks. By Gregory Mannarino
Hi everyone!
At the time I am writing this article, it is Thursday, June 22, 2017 at 6:58 AM west coast time United States.
Right now the stock market is just about at the flat line, with the Dow Jones industrial average up only nine points, but the real action is in the bond market with the 10 year yield now dropping to 2.14.
The US dollar is also showing signs of weakness, and what this means to me is in the short term, there is potential for the stock market to fall under some pressure. Now, if we do experience a pullback over the next several trading days, I believe this will present us with a buying opportunity as I expect stocks to continue to run higher.
Crude oil is playing a major role with regard to the price action of equities, and although crude is up .68% as I am writing this article, crude needs to move higher to support higher stock prices.
This morning I pulled profits from the last three positions which I had posted on my website TradersChoice.net these were tickers SPY, QQQ, and FB. (I will post new positions soon) click here: https://www.traderschoice.net/money-page--stock-picks.html
While it is certainly possible that the market does not pull back over the next several trading days, I felt it was prudent to pull profits at this time and just watch the market action again over the next few trading days.
In summary: exercise caution and look for a possible pull back with regard to the equities market over the next several trading days as the 10 year yield and the US dollar are falling under some pressure.
Gregory Mannarino
im only buying crypto
Love the crytos but never stop stacking physical precious metals.
will never stop stacking silver everything is better than dollars
I second that :)
Crypto has netted me 500% in the past few months, stocks around 15%. Which is the better investment right now? I trade stocks with my 401K since my company has me locked in it. Gregs stock picks has helped me grow the 401K. Thank you Greg!
Thank you Greg
why is anyone still playing with central banks systems anyway? we don´t need them anymore :)
We're Fed up!
Another awesome post - Keep it up!
I got completely out of the stock market. My wife cashed out her 401k last year and took the tax hit. Paid off our mortgage. We have most of our money in physical precious metals but recently got into cryptocurrencies. Our crypto investment is up 40% in less than a month.
We did the same. I had savings bonds, IRAs, 529s, stocks, employee shares, savings, TSP, 401ks, 457s, and then we got married and now have kids. I'm 32. We drive 13 year old cars (paid for, insured $10/mo), paid off our home. Bought defense, food, supplies and homeschool stuff. And PMs. Then I got my hooks in some crypto. We keep less than a paycheck in any bank ever. I feel more freedom now than at any other point since turning 18.
what type of crypto-currencies did both you and your wife invest?
Pounce on the prey! Thanks Greg! :D
Not looking good! Buying some Ripple, even though its centralized that could be the opportunity!
Great post. I had a feeling now would be a good time to pull the trigger, although I only have 2 stocks...lol
by the look of it this guy knows what he talking about, sadly all I have is pennies. can't invest in anything :(
Thanks again Greg, I really enjoyed this post. I follow you and more importantly I trust you! I be stackin, thanks to you and I look forward to your being proven right regarding metals especially silver.