Having Patience When Trend Following- Stocks – Forex or Futures
You do not need to be in the market all the time. You do need to be prepared at all times. However there are times like now in the stock market that the direction is not totally clear. The stock market is a game of odds. The greatest returns are coming out of bear markets. We are in the one of the longest bull markets. So many are celebrating however there are divergences showing weakness in the market, a high number of distribution days and a lack of meaningful breakouts of leaders.
I will look to go long when the Russell turns up. However according to my model the Russell is on a sell..You would think if the market is so healthy the Russell would be celebrating as well. The fact is…it is not…
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Past performance is not indicative of future performance.