It’s an ongoing debate: is it worse to miss out on a great trade, or to buy at the wrong time and lose on a bad one?
While the first scenario hurts, the second one takes money out of your pocket. I really hate that…
And right now, you could be in danger of making the latter move. Here’s why:
Let’s take a step back and look at the overall market thanks to the chart of the benchmark S&P 500 from Stockcharts.com:
Now, I wan you to disregard everything but the very right side of the chart…
This market is once again hitting all-time highs, and while that’s very good for your open positions if you bought, it could very soon be working against you.
That’s because a new high will often act as a ceiling, and the market could bounce right off of it and pullback. Right now it’s overbought with very little room to grow, and plenty of room to fall.
And it looks like I’m not the only one who feels like now is the worst time to buy…
Even if you don’t want to believe me (I know—who wants to believe the market is going down?) it would be wise to follow the lead of the people in the know on Wall Street.
Those people with access to the most current and important information are the insiders—company officers and directors. And they have quickly become bearish on this market.
It’s not a coincidence that they’ve done so just as the market has reached a new high. They are simply looking at the most vital info and data, and leaving emotion out of it.
That info and data is now telling them to be bearish. I recommend that you start feeling the same way very soon…
