Melt Up?

There has been no panic buying to chase the market higher, or a rush for the exits as we enter the last full week of January trading.

Some sectors are seeing profit taking, such as financials, but it is orderly and measured.  Bullish in my opinion.  Next move should be in the direction of the predominant trend which is up.

I am adding to my best long positions with caution. Capital preservation is my primary goal, but cash is the wrong call, in my opinion.

Do not call the top, stay strong and stay long.


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