Henry Schwartz of Trade Alert analyzes some rolling activity in EEM and EFA.
I've trimmed some long positions now that the first retracement is complete.
Just another Fibonacci retracement calling the bottom.
I am looking at foreign markets and some individual stocks and ETFs that are now on sale.
Well, this time, it appears to be the real thing.
All my models returned to buy signals at Wednesday's close, so I'm buying again.
After the S&P's powerful rebound this week, its gap has been filled.
Sometimes it's just posturing by politicians and the media, but it can create buyable weakness.
Because I'm underinvested, I don't mind buying the dips today.
When everyone was freaking out last week, it was time to buy. Now that they're in love with the market, it's time to bail.