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TSBTV#60 - Stay Vigilant

TSBTV#60 - Stay Vigilant

This market is rockin’ and the bulls don’t seem to have any quit in them.  For the past 8 weeks, the most downside we’ve seen has been 2 consecutive declines.

That means the dips have been very shallow and brief, and it also means the buying pressure has been persistent and consistent.

But will it be smooth sailing to the upside from now on?  Well…. NO.

The market always has a few curve balls to throw, and I suspect many would be caught off guard with a sharp decline - even which only proves to be a temporary pullback.  It wouldn’t have to be a major reversal to come as a surprise to those who have become conditioned to expect nothing but green day after day.

Am I predicting a sharp decline?  No.  But I am saying that it’s as important as ever to stay vigilant and respect the risk which still lurks out there on the downside - because it’s always going to be there.  It simply seems that many have forgotten about it lately.

So here in Episode 60, I’ll take a quick look at the NAZ, S&P 500, and DJIA and discuss some important concepts to keep in mind in the coming days.  Hope you find it helpful!

(Be sure to click the full-screen option for best viewing.)

Hope you enjoy the show! Thanks for watching and subscribing, and feel free to post your ideas and comments down below.

Trade like a Bandit!

Jeff White
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