Nothing much on the Econ front today......the market has been very boring. However, this is the kind of market action that the Momentum Change indicators need to set up a signal that is can be productive. The very rapid changes that we have seen the past several weeks have been very hard to measure with any degree of confidence. A couple of days like today and we should be able to make sense of the Momentum Change indicators once again.
No guidance today with the equity indexes, although the market is at a point where a signal is possible in the very near future.
Don't forget, we are looking for profitable trading opportunities, however, a stop loss order is very important so that an error does not turn into a "don't worry, it will come back" kind of scenario.
Best To Your Trading.
Bill
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