This remains a bear market and the primary goal should be capital preservation.
With the Fed announcing bazooka liquidity measures as selling took a breather, it allowed the market to rally back to the next level of resistance of around 2600. But now what?
At the end of the day, investors really have only three choices to make when managing an investment portfolio -- buy, hold, or sell.
Shorter time frames help to control risk when volatility is high.
A deal has been made in Washington, but now is the time to prepare for the next big move rather than thinking the worst is over.
Lost opportunity cost can really sting, but don't try to buy in when the surge is already done.
The question now is whether the market will see two positive days in a row or a 'sell the news' reaction.
I would be a buyer of this one with both hands in.
The current insider buying/Rydex Ratio setup has consistently marked important market bottoms over the last decade.
The Fed has attacked developing problems in real-time -- and as China shows signs of life, the semi stocks are benefitting.