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Trend changed to Bearish

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Posted by GoodTrader on Wed, 12 Jun 2013 , Add your Comments !
 

Nasdaq Composite index

According to my indicators, the stock market trend has changed to bearish.

In recent days, the market has not shown enough power to approach new highs, which has increased the volatility in the market. Also, seasonally the market is outside the period most suitable for bullish adventures, which is the period from November to May.

Anything can happen in the markets, but right now my only open position in the market is bearish, specifically, I bought put options on the ES.

Happy Trading!

 
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Posted under the following tags : Market Timing , Bearish , Permalink
 
 
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