Monday, June 17, 2013

Market Update

Know when to hold em, know when to fold em....

This is a time to either hold them or sit still. There's one good thing about the market making a move like this, it gives us information.

None of these are ready in my view to be considered for a trade, but the information with regard to how Wall St. is acting is important.

 IWM 1 min leading positive right as the gap is filled, there's also a 3 min relative positive.

QQQ 1 min leading positive as it nears the gap.

The early indications are Wall St. is gathering up these shares, if so, strategically we are still on track, tactically we have to be patient and make adjustments here and there.


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