Has The Stock Market Reached a Bottom?
Clearly I have been asked this question over the weekend…..Has The Stock Market Reached a Bottom?
My simple answer…Anything can happen and prepare for it….I have my watchlist ready with strong fundamental stocks and looking for them to do the proverbial trend following Breakout. I would like to see the market have a strong follow through day. This would boost confidence. Currently we are seeing the Vix go to extremes not seen since 2008….However in trend following, we do not predict. We react and trade with a plan. Lets see what will happen this week. The key is to be prepared when we trend follow.