• Clear leading sectors are batteries, nuclear and alternative energy, material and metal names especially gold
• Breadth is declining, XLU, XLP outperforming, stocks lower, IWM rejected from the 100dma.
• These are all clear signals to me that we are in a bad environment. Last week I was 109% invested, but now down to only 10%, and only risking 0.3% on my trades. I'm fully in defensive mode. I'm only focusing on the best of the best setups in the above mentioned leading industries. I'm expecting weakness ahead
• Breadth is declining, XLU, XLP outperforming, stocks lower, IWM rejected from the 100dma.
• These are all clear signals to me that we are in a bad environment. Last week I was 109% invested, but now down to only 10%, and only risking 0.3% on my trades. I'm fully in defensive mode. I'm only focusing on the best of the best setups in the above mentioned leading industries. I'm expecting weakness ahead
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.