For many of us that invest in the stock market, there are many reasons to celebrate so far in April. Just look at the table below for the indexes performance so far.
| April 2 Open | April 20 Close | % change | |
| DOW | 12,355 | 12,962 | +4.91% |
| Nasdaq | 2,425 | 2,526 | +4.16% |
| S&P 500 | 1,421 | 1,484 | +4.43% |
As you can see, the stock market has been nothing short of spectacular so far this month, with a nice 153.35 day gain of the Dow Jones Industrial Average last Friday.
As an individual investor, it is very tempting to jump in on the action when you see such performance. However, I really need to caution everyone that we, the little guys, have a tendency to buy high and sell low. Just remember that the Dow has been up on the last 15 days out of 16, and most traders have made quite a bit of money these past weeks. You must also realize that for the people that are sitting on gains, it will be quite tempting to take some profits, which means a bit of selling. Therefore, if you really want to buy stocks at these levels, you need to make sure that there is no significant news that?? coming as any bad news will mean exaggerated selling.Most people (including myself) think that the longer term outlook is pretty bright for the US stock market. However, be careful in the short term as there are always corrections as people take profits. There is no way to see if the stock market will go up or down in any given day, or week. However, just remember that there are always risks in the stock market, and do not become complacent.
Good luck and congratulations for a great month in April so far.
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{ 2 comments… read them below or add one }
I tend to buy when everyone seems bearish about the stock market. I would say, now is not a good time to buy.
Exactly… Everyone just needs to be cautions and not get greedy.