CASH HEAVY

June 1, 2016

Well here we are May 31st.  The seasonal "Sell in May and go away" didn't really pay off this year.  Nova has been cash heavy for since the middle of March.  The Relative Strength Indicator is currently at 62 which feels pretty strong.  We will continue to be patient and wait for a pullback to 30 on the RSI before we put this cash to work.  We all know that we need to buy low and sell high but it is easier said than done.  We all need to remember that this is a marathon not a sprint. 

 

 

 

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