The game the market play is a very simple game of money transfer, transferring money from one pocket to another pocket. The process it uses to play this game is similar to the wholesale/retail business, buy the stocks at wholesale prices and sell it at retail prices.
Today, the DJI closed at another new 52 weeks/multi-years high. Just as I have stated in my 2/20/23 posting that another new high for the DJI is expected. The difference between today’s new 52 weeks high from the previous high is a lack of confirmation from the other market indices. Be cautious and don’t get trapped by this market topping process.
Here is a video reviewing today's market price actions.
Click here to view the video if you do not see a video player on your screen.
Disclosure: Long SPY PUT
