Market players everywhere are waiting for a pullback or correction.
Yes, the market has its way of screwing over the most amount of people as possible. Given the high short interest out there we can’t be surprised to see Bears tested as the major indexes continue to ring new highs.
We’re in the camp that believes recent high volume with lack of significant follow through, or grinding, is enough warning to lay low.
Like a tiger in the jungle, we only want to pounce when we know we’ll get our prey. That’s why we’ll wait as long as it takes to get a broad market pullback, ideally setting us up for long entries in the plethora of recent Growth Stock breakouts.