Wednesday, October 2, 2024

Taking Profits in Leveraged Positions

I sold QLD and SSO positions. I do not see a pullback, but I am "overinvested" for a retiree and I don't need the  extra risk. Currently we have geopolitical risk and the election. Perhaps it will be like 2016 and markets will rally in advance of the election.  If that happens, we should see the indicators improve.  As of yesterday, they were falling, so I am being cautious. Indicators don't predict the future, but they do suggest that getting overly aggressive now might be a mistake.