My timing signal remains down, however now is the time for aggressive traders to take small positions on the long side and be completely out of any short positions. I’ve been suggesting that over the last couple of days on twitter and the bottom toolbar on the blog that it was time to be aggressive with profit taking on any shorts. Now we wait to see if we get a confirmation over the next couple of days to start to look for individual names to purchase in the event this market doesn’t want to fall into the abyss after all.

It’s important not to get too bearish when there are many positive divergence happening between the price and the RSI on different timeframes on the Dow and Nasdaq. And if you’re looking for double confirmation of today’s move…Spyder Crusher’s Trade Timer flipped back to green as well.

I provide a few trade suggestions in the video as well.

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One Response to “Today Was Constructive From a Long Standpoint”

  1. Today Was Constructive From a Long Standpoint | Wordwide News Exposed Says:

    […] My timing signal remains down, however now is the time for aggressive traders to take small positions on the long side and be completely out of any short positions. I’ve been suggesting that over the last couple of days on twitter and the bottom toolbar on the blog that it was time to be aggressive with profit taking on any shorts. Now we wait to see if we get a confirmation over the next couple of days to start to look for individual names to purchase in the event this market doesn’t want to … [visit site to read more] […]

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