Well markets kept going higher very strong the past week and my long positions has done VERY well after my TNA big add position at 78.3 and I am still holding all shares as I think we have more upside in the near term.
Overall - what I am thinking right now is :
1. We might get a new high , not sure though as the bulls should push very hard early this week
2. Bearish sentiment too high - so a very fast push up would be great to vanish the sentiment a bit
3. I think I will start to take some profits in markets if we rally more in the next days ahead , cause I'm up big % wise on my trades like TNA and other small caps.
4. I think we might see a larger correction starting early June...
So this is my thoughts , currently still long - but getting a bit more cautious - also with that in mind that I'm already in nice profits which I am going to take soon if mkts rally higher next week.
Euro should still blast higher as called and the USD pullback imminent (already pulled back a bit )
The thing is - euro broke out of pattern on friday - Russels broke out of downtrend line since highs ( AND ITS LEADING ) which means dow and SPX is going to follow up most likely....
On the first sign I see on good selling pressure I will take profits - until then I remain long.
Have a nice day
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