Seeking Advice

Tuesday Outlook: Commodities, Global Markets

Dave,
Always enjoyt the chaets and the short term oversold probably means an up day Tuesday (or Wednesday) I suppose.

There was no apparent "stick save" at the end of the day, which has been unusual on down days, recently. I wonder if there's signifcance to that. I'd cut equities (long) to a little above 40% a few months ago which drifted down to about 34% as the market drifted to the March lows. Now, with the rally, I find my portfolio at between 42 and 43%. But, I wonder whether the games "da boyz" play is coming to an end, meaning less propping, no more stick saves, and maybe a return to reality - you know that place where real economic data drives market action. If that's arrived, maybe I should be taking my % equities back down a bit. Watching and waiting for a sign, I suppose.