Is Trend Following this Market Worth It?
The SPY fell below it’s line of demarcation as I call it….the 50day moving average after regaining it last Thursday. The DOW also lost it’s 50day moving average today. This moving average is the most important thing on the chart right now and the fact that the SPY couldn’t hold it and the QQQ never even overcame it is concerning. The final determining factor in the success or failure of any rally is how quality stocks act, can you make any money. Right now the answer is no. A very small number of stocks are producing single digit gains but most are either going nowhere or rolling over.
Is Trend Following this Market Worth the Risks?