TRADE ALERT: Sell Half Your Position In SPY
Optimism is running rampant in the market today. The S&P 500 has reached an all-time intraday high as investors continue to shrug off concerns about the Iran war. As I write, the benchmark index is up nearly 0.8%, while the Nasdaq is up 1.3%; however, the Dow Jones Industrial Average is off 0.2%. If the gains hold, the S&P 500 will notch its 10th positive session in the last 11. The Nasdaq could also hit an 11-day winning streak.
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