“Remember: it’s not a failure until you accept defeat.” Debbie Millman
Some chop for sure and unfortunately to close the week out.
I thought we’d get another couple weeks of solid strength from stocks but we do look to be setting up for a few months of consolidation now which would be great, but it would have been better after some solid moves into mid-August.
Can’t win them all, but the market can, and is always right.
I’m reducing positions and locking in gains or keeping a couple to small losses or getting out at cost.
I’m being cautious here.
I am starting into the mining sector slightly and perhaps more robustly in the week ahead but I am thinking it may be time to pare down the work and enjoy the summer.
SPDR S&P 500 (NYSE:SPY) remains above 246 but is showing cracks.
Corrections are healthy and part of a strong bull market so embrace it and use the time to seek out the stocks who should do best on the next upturn.