Four Reasons Why the Market Is Peaking Right Now, and What to Do
NEW YORK (TheStreet) -- Today I will share with you four reasons why the market is reaching the top and two simple things you can do to improve your investing results by applying them right now. They're not complicated or difficult, or at least they shouldn't be. They're the same strategies market makers have used since the beginning of the exchanges and continue to use today.
To begin, let's examine the current market landscape we find ourselves. The Dow Jones Industrial average is near the cusp of 17,000. The Dow Jones
(DIA) is widely followed by retail traders, so I'm referencing it, but most professionals gauge the market using the S&P 500. In particular, I follow the S&P 500 through the SPDR S&P 500 ETF
The SPY is on the verge of plateauing, and it's time to take profits off the table. The market continuously cycles through 13 distinct emotions and I believe we are entering the euphoria stage. It's a market stage where investors firmly think the market will appreciate forever. Here's why you want to remain cautious when others have no fear.
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