Everything is Bullish: YINN big winner today

Without a doubt everything is bullish right now. Almost all sectors are doing well. The mistake one can make right now is to get fearful and think that the market has gone up too much too soon. Maybe that is true but the only thing to remember is “price is truth”. So, unless I see a meaningful negative downturn I will stay long my positions.

Today looks like YINN will be the big winner in my portfolio. It is up over 6% in early morning trading. Here is the 3-month chart in comparison to the SPY.

It has had a good run with not too much turbulence. It is up almost 40% compared to around 4% for the S&P 500. It just made another short-term high today. Looks very strong and I will continue to hold it for now.

Tags: , ,

Leave a Reply

Be the First to Comment!

Notify of