Friday, June 4, 2010

Markets still weak...

None of the stocks I have been looking at for trades have triggered. Those stocks in my watchlist that broke out this week have all with the exception of one broken below their pivot points today. So I am forced to conclude that the markets are still very much weak despite the recent follow through day. Whenever I find it hard to make money, in fact whenever I am losing money trading long, I know that the markets are not healthy. So I have been in cash for the week and will continue to do so until I see setups trigger and follow through and not break down after on heavy volume. Until then. Good luck and good trading!

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