Its been quite awhile since my last post. There has not been much to say when the market has been universally in a downward trend. Now we are entering a period where we may be seeing the stabilization or even reversal of the trend.
We have had a nice run/bounce leading up to the election and then got the smack in the head reminder yesterday not to get to giddy. In reality, the bear push back was completely to be expected. The next few trading sessions are going to be important to see if we can establish a higher-low from what we saw on Oct. 27. If we do that and then move past the high set on Nov. 4, you can start to feel good about the long side again – cautiously.
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