The SPY has recovered as expected from the correction once again but I recommend to still trade with reduced size as most of the stocks have not been showing strength despite the SPY’s strong recovery. This could be due to bigger component stocks of the SPY staging a stronger recovery, but from a broad market perspective this may not be the case. Valuations are also not terribly attractive now; so my focus would be mainly on trading rather than investing itself.
Marc Liu is a trader, investor, and educator. He was a professional gamer competing as part of Team Singapore, and has travelled extensively on sponsorship trips to as far as Europe. As a former head equity dealer in a financial firm, he brings valuable insights and experience to the masses, and focuses on portraying the reality of the markets with a look to trading the markets in a logical way. Marc is a sought after speaker and has taught at private equity firms and is also a contributing columnist.
You may visit his website at: www.sharesedge.com
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