Daily Commentary: July 14, 2023

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Don’t Short – Donate To A Charity Instead

Posted by Peter Stolcers on July 14
www.oneoption.com

At least then some good will come from it.

PRE-OPEN MARKET COMMENTS FRIDAY – There is nothing in that chart that says… “short”. In fact, quite the opposite. This is a time to be long. Pick your windows of opportunity and don’t chase. Set alerts and buy dips. If you can’t stomach the thought of buying at these heights, then stay in cash. Just don’t bitch when the market keeps moving higher. If you feel a pullback is coming, stay sidelined and wait for that drop. No problem sticking to what you believe. You will either get that drop or the price action that unfolds will give you the confidence to join the move higher. Don’t short, donate that money to your favorite charity instead. At least some good will come from it.

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