DPR Update – Monday May 1st, 2017

DPR action: Nothing to do but hold the position

Yet another march forward in the markets.  Seems implausible that the all time high will not be taken out very soon.  But as ever, you will never hear absolutes from me when it comes to the market.  The words “never”, “must” and “has to” do not belong anywhere near the markets!  It will do whatever it is going to do, and as trend traders, once long and in profits, the job is not to be shaken out too early while allowing it some room to go higher still.

I liked today’s quote.  Made me chuckle, but in truth, it’s nice to get a weekend break from the markets.  I would go nuts if I had to watch it all the time! 🙂

Bring on the bulls!

John