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Is This the Start of the Year-End Rally?
How long will the bull-run continue?
Danny Riley
November 02, 2023
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Our View
As I have said several times now, I am looking for some type of end-of-the-year rally. However, I also don't think the current selloff is over — there is just too much risk out there.
Am I happy they rallied? Yes, I was long. A friend of mine who has been trading very well called me yesterday around 12:15 and complained that, “I’m only up $2k, I should be up $20k, I really missed this, the ES was trading under 4120 and rallied up to 4248.”
My advice to him is the same advice I give the PitBull every day…if you miss a trade, don't worry about it, another will come along.
The bottom line: Trades are like buses; if you miss one don't fret about it, another one will come along soon enough.