Stock Markets Analysis and Opinion

Is This the Time to Be Greedy or Fearful for Traders?

2023.03.22 05:04

Jani Ziedins

The popped Tuesday, adding another 1.3% to Monday’s nice gains. As bad as the headlines seem, the best buying opportunities arrive when everyone is the most scared.

As is often the case, the latest banking scare’s selling capitulated last week when headlines were their most dire, and prices are now rebounding on less-bad-than-feared. We haven’t had another domino fall, and investors are breathing a sigh of relief.

S&P 500 Index Daily ChartS&P 500 Index Daily Chart

Will this relief last? No, probably not. That’s why savvy bounce buyers are standing near the exits and proactively locking in some worthwhile profits as we challenge 4k resistance.

Remember, we only make money when we sell our winners, and this remains a choppy market. As I’ve been saying for a while, if we are not taking profits when we have them, we will take losses a few days later.

Bears that didn’t lock in quick profits last week are taking losses this week, and we will be saying the same thing about bulls that hold too long next week.

No doubt I will take profits too early, but that sure beats holding too long. Buying back in is far easier than convincing the market to return to the levels you wish you sold at.

The Fed is meeting this week, and we will have our next rate . If the news is good, there will be plenty of time to buy back in and ride the next big wave higher. But until then, I’m happy locking in what I’ve got.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 82,312.05 1.10%
ethereum
Ethereum (ETH) $ 1,895.13 1.10%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.30 2.78%
bnb
BNB (BNB) $ 577.85 0.23%
solana
Solana (SOL) $ 124.97 0.42%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.712633 0.71%
dogecoin
Dogecoin (DOGE) $ 0.168955 0.60%
tron
TRON (TRX) $ 0.223435 0.31%
staked-ether
Lido Staked Ether (STETH) $ 1,893.43 1.18%
pi-network
Pi Network (PI) $ 1.56 8.08%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 81,931.95 1.35%
leo-token
LEO Token (LEO) $ 9.74 0.54%
chainlink
Chainlink (LINK) $ 13.37 1.71%
stellar
Stellar (XLM) $ 0.273629 3.00%
usds
USDS (USDS) $ 0.999764 0.01%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,273.63 1.65%
hedera-hashgraph
Hedera (HBAR) $ 0.189158 2.87%
avalanche-2
Avalanche (AVAX) $ 18.70 1.01%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 2.50%
the-open-network
Toncoin (TON) $ 2.80 3.01%
sui
Sui (SUI) $ 2.19 2.39%
litecoin
Litecoin (LTC) $ 89.43 0.01%
bitcoin-cash
Bitcoin Cash (BCH) $ 328.29 2.53%
mantra-dao
MANTRA (OM) $ 6.24 3.22%
polkadot
Polkadot (DOT) $ 4.04 2.10%
ethena-usde
Ethena USDe (USDE) $ 0.999984 0.05%
weth
WETH (WETH) $ 1,894.35 0.92%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.43%
bitget-token
Bitget Token (BGB) $ 4.22 0.40%
hyperliquid
Hyperliquid (HYPE) $ 13.63 9.02%
whitebit
WhiteBIT Coin (WBT) $ 28.18 1.13%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,014.47 1.25%
monero
Monero (XMR) $ 208.01 0.26%
uniswap
Uniswap (UNI) $ 5.89 0.86%
susds
sUSDS (SUSDS) $ 1.04 0.04%
dai
Dai (DAI) $ 0.999837 0.01%
near
NEAR Protocol (NEAR) $ 2.65 3.28%
aptos
Aptos (APT) $ 5.14 0.21%
pepe
Pepe (PEPE) $ 0.000007 1.39%
ethereum-classic
Ethereum Classic (ETC) $ 18.36 3.80%
internet-computer
Internet Computer (ICP) $ 5.53 1.04%
ondo-finance
Ondo (ONDO) $ 0.841837 0.72%
gatechain-token
Gate (GT) $ 20.50 1.74%
okb
OKB (OKB) $ 41.83 0.10%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,194.02 1.14%
aave
Aave (AAVE) $ 164.25 4.43%
mantle
Mantle (MNT) $ 0.726885 2.95%
official-trump
Official Trump (TRUMP) $ 11.67 7.39%