The Document

Login Subscribe Now
January 25, 2014

Equities Face a Rough February

Stocks Suffer Serious Technical Damage

Twenty basis points. My line in the sand for judging whether a weekly cycle decline had commenced in equities was held on Thursday by a two-tick margin. Since I was looking to establish a roughly 10% short position, and the NDX tumbled 2% on Friday, the Docfolio managed to sidestep a 20bp gain. Despite the intensity of the drop, following the move with a short position is the proper move. Consider the damage done to our SPX chart in just ...

 

Login to read full article.

Recent Newsletters

Macroeconomic Blog | Cycle Trading Newsletter | TrendBands Fund | Library | About | Contact Us | Members