It is very important for you to know where the trend of the market is when you are making trades in a particular category. This slide from last week, shows that the S&P may be following suit by turning to a darker green. This is the second week for dark green. The next color will be bright red when it makes a change if it doesn’t change to bright green and start up again. Well the second slide shows that we got the bright red and are heading lower. So if you are taking trades at this time be sure you are aware of the main trend. Looks like we may be heading lower. So you should be looking fror shorts this weekend and be ready to short the S&P Monday morning. Look for double red stocks and do the PRE-SELL scan.
(click on image to make larger)
(click on image to make larger)
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