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Free trading tips and strategies for stocks, options, commodities, and futures markets from real traders.

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Sticking With The Bulls

Friday, 12. January 2007

The market has remained the same. While the charts remain bullish, there are a constant barrage of external forces making the market seem fragile. This really is the nature of markets. No one would ever take the other side if this weren't so. While we remain bullish, we acknowledge there is risk to be managed. Long positions are being held and no new positions are being put on until we see the daily indexes find higher support levels. Should the markets break down, we would begin to scale out of our long positions to reduce risk should market go against us.

 

Like always, if you are flat, now is a perfect time to stock up on inventory for your watchlist. Exciting times in the market as new money finds its way to the market.


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