It is only technical as it has been too oversold before and trump’s decision gives the market the relief it needed to rise. I would prefer to take profit and sell the mag7 so that I would have cash to buy at the next low. The following months would be very volatile as investors try to make sense of what trump wants and what the other nations would do in response. Nobody knows when trump would truly give the market the break it needed to prevent a recession. But I do believe that eventually the buying pressure would push the stock prices back to where it was, with time. For now, swing trading might work out.
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Mag 7 Jumps Over 10%! Take Profits or Keep Holding?
In yesterday's major rebound, MAG 7 surged over 10%. Despite the rebound, valuations are still at historically low levels. However, some believe that the market outlook remains unclear in the long term. Would you take profits at the right time or hold on for the long haul?
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