A diary of the thought process behind my investment decisions
Good News Sold
The selloff on Friday came on bad news, while today good news is being sold. I prefer this type of selloff when looking for a top. That said, I don't think we will make much headway on the downside before the seasonally strong period ends. The best I believe the bears will be able to do is a retest or a slightly lower low than Monday. The real downside will need to wait for May.