As expected, the FED cut the interest rate by half due to the economy slowing down. Stocks have soared as soon as the announcement came out. The million dollar question is: Is this the time to get back in and buy stocks?
The million dollar answer is nobody knows. I would do right now is to see how well the market can hold with the gains into the close. If the volume picks up and stay on course, I would start to nimble a bit, but if it fails, I would wait for better opportunities later. It is still the time to be cautious because of the recent technical trading patterns. Watch the trading volume and the direction of the market. Don't be the sole brave hero out there by yourself.
No comments:
Post a Comment