Markets are a little weaker today after the bump we’ve seen the last few days.
3 weeks ago, I told you I expected a rally in tech. A lot of people didn’t believe it, but look at what happened the last few days.
It was probably due to The Fed saying they might not be doing rate hikes for much longer. They didn’t take them off the table completely.
But the market overreacted. That’s what this market has been doing lately. Overreacting to things.
I called this rally and even I’m thinking this might have been a little too much too soon.
My suggestion? If you have a stock that is up big, take some profits.
NVDA was one of those that ripped dramatically higher this week. From around $400 to up near $440.
That’s not a sustainable move. So if you have NVDA, I suggest taking your profits while you can.
There’s always going to be great opportunities. But next up for the market is a cooling off period.
So do that before we hit the cooling off period.
And don’t forget to check out my free class where I show you how to trade with a safety net.
In markets like this, everyone can use a safety net.
Trade well,
Jack Carter