Trend Following the Stock Market Weekend Review $GDX $SPY $MXL $QQQ
Been a very tough stock market for traders who are battling along with the bulls and bears. Fridays action was somewhat encouraging, albeit on lower volume. Lower volume does not show commitment rather a potential bear market rally. The market rallied due to jaw boning of crude cutbacks. Crude flew up and the stock market followed. What is interesting is that many of the prior leaders are now also failing. Reits are failing and crossing their perspective 50 day moving averages.
Uncertainty is the theme for the stock market right now. However we do not walk away from the stock market. We are always building our watchlist.
On my watch list is
Time will tell however sidelines are where I am located at the moment.