Navigator Swing Strategy – 100% Cash
As contemplated in the morning outlook, we cashed our remaining Navigator swing positions in the SPY (at 450.75) and QQQ (at 364.50) at the open. We will monitor the market’s effort at conquering further resistance and look to reenter positions in the direction the price action and indicators decide to take us.
While there is some additional upside possible, I don’t want to be guilty of trying to squeeze the last drop. Pigs get fat, but hogs get slaughtered.
A.F. Thornton