Lots of back and forth again - knocking out both longs and shorts. I was hoping to see a few green candles, but instead, we’re just hovering around the 50 day moving average. The market is looking more and more fully Bearish every day. Out of 10 positions, I’m looking to have 2 - 3 Bull positions - the rest Bears.
I did find a couple Bull and Bear trades for paid subscribers.
- Good Luck and Happy Trading
Healthcare, Utilities and Consumer Staples industries have all moved into -2 (Bearish) category for me. They have all weakened considerably since last week. I will be concentrating my Bear positions in these three areas. A lot of names have already made their moves in the sectors, unfortunately.
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