We’re Still Bearish

Nice little bounce for the SPX off its 200-day moving average. We expect more selling, and an eventual undercut of that market, in the coming sessions.

The market does most of the talking here. Our reasoning means little.

As smart traders we take our direction from the price and volume. The market does its thing, we do ours. Stocks are kinda like waves in the ocean setting their rhythms for surfers.

FYI, we’re still Bearish.




No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: