I’m a little concerned with the bullish trend we’ve seen shaping up lately. Lower highs are starting to creep into the equities picture.
The trouble in Japan with the yen and the lack of change in policy there could be starting to spill over across financial markets; global capital is seeking refuge in the dollar.
I don’t mean to suggest it’s all doom and gloom - it isn’t. There are some bright spots, which we’ll talk about in a second.
We’ll talk about how to prepare for the congestion I see coming up, how to avoid getting caught up in the chop, and some steps we can take to manage risk properly.
Let’s get started…