Good morning and Happy Friday!
Yesterday the SPX took out the all time high but could not hold on to it. Today is the last trade day for July. We are now moving into a seasonally bearish period and should expect more volatility. On Monday, I recently liquidated all of my stock positions mainly due to me taking advantage of tax incentives here in Puerto Rico. But I also wanted to start over and create a steller stock portfolio made up of growing positions. I think I will have a better chance over the coming months of getting good prices on stocks after they have run up a lot. But if you are long term investor, don’t sell your quality stocks but I would recommend that you trim and cut out your losers. Enjoy your weekend!
Founder | SimpleOptionStrategies.com
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