The “All In Crowd” Gets Hit…
Yesterday I wrote “the market is very close to pausing/pulling back for at least a few days as the stretch on a daily and weekly basis has gone a bit too far”. I don’t often make short-term market top calls (in the long run it’s a fools game) but as I pointed out in yesterday’s commentary that with so many stocks with RSI readings above 90 (and 99) the stretch had gone too far. All it took were few words (we’ll placed/timed words?) from Carl Icahn and the “all in crowd” got hit.
We’ll see how long/far this pullback goes and we’ll look to take advantage of it in the Model Portfolio should it continue.
For today’s official Daily Battle Plan set-ups click here.
