If following rules and they don't work, that's when position sizing and risk become tantamount
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The market managed to close out the week as crystal unclear. Is it basing at important support levels? Will the recent support turn into resistance? Naturally and not unexpectedly, 3 out of 4 indices had inside days on Friday.
S&P …
Good basing action in the market with anticipation that Friday, ahead of a holiday, could be quiet. The indexes are testing the fast moving averages. I would not be so bold to say the worst is over, but at least …
The space between a bottom and a failure-both possible
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You know what kept us from going short?AAPL! Yup. That had an inside day and seeing as that and theRetail ETF (XRT) never broke those key previous day lows, we figured we rather miss the selloff and wait to see …
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This market can wear you out. This much I can tell you. The phase is strong warning. The number of stocks and ETFs that are in a bullish phase have decreased significantly. Bear phase stocks have already been beaten to …
That and a top down approach in the indexes
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It is very possible a short term bottom is in place. Many slingshot patterns have emerged with the volatility index (measurement of sentiment and fear) indicating a short-term buy on Monday.
S&P 500 (SPY) Troubling even after a new short …