I am back! It was a fantastic 2 weeks in the market where almost all the stocks were going up. Today I took profit on Amara and Equation in a bid to lock in some profits on the way up.
Amara has a big gap up and I reckoned it will be closed and that is where i may look to load up again. Equation broke out on heavy volume and I opt to sell into this rally. It was decent profit and hence i decided to lock in. As for the rest of my holdings, i will be looking to sell if weakness appears.
Earning season is coming up and it's time to look at companies that will report good results. Buy now and sell into the rally. It will be good for markets to pull back this week. This will make room for earnings play towards the upside. I also noted that we had very very huge volume transacted over the last few days. Average is maybe at 4 billion shares exchanged hands. This means there were more participation. I would flag the current market condition as high risk and hence will not be buying as yet until clear directions. Big Ben is going to speak this week... that could set the tone for next month.
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