An exceptionally calm triple witching day. They took the market to the levels that they wanted and left them there.
I have now rolled over the futures charts to the new front month of June. So some of the levels may be a bit different.
The SP 500 futures finished just below 1400. There was a negative divergence in tech.
Have a pleasant weekend.
Lessons from a Master Investor
Throughout his career, Roy Neuberger was eager to share what he knew, including his "rules of investing":
1 Be flexible. It is imperative that you be willing to change your thoughts to meet new conditions.
2 Take your temperament into account. Recognize whether you are by nature very speculative or just the opposite.
3 Be broad-gauged. Diversify your investments, make sure that some of your principal is kept safe, and try to increase your income as well as your capital.
4 Always remember that there are many ways to skin a cat. Each [great investor] has been successful in his own way.
5 Be skeptical. To repeat a few well-worn useful phrases: Dig for yourself. Be from Missouri. If it sounds too good to be true, it probably is.
