All the market ETFs are showing indecision - Market Roundup 11th May 2019
Channel: Trading Profitably
Date: 2019-05-12

All the market ETFs are showing indecision - Market Roundup 11th May 2019.

Instruments Discussed: $USO/$CL, $GLD/$GC, $SPY, $QQQ, $DIA, $IWM, $K, KR, etc.

In previous market roundups, I had cautioned about the possibility of a false upside breakout as SPY and QQQ were making new all-time highs near CUE Watermark Resistance levels. That came true. Both of those ETFs created false upside breakouts and closed below their respective Watermark Resistance levels.

Over a longer period, the market is still bullish. 

What about this week? Very indecisive. The indecision is visible in the market breadth as well as all the four market ETFs.

The sectors are bearish. All the sectors declined. 

Following the CUE 360° technique, you may always find buying opportunities aligning forces from technical, fundamental, and industry levels. And locate shorting opportunities in weak fundamental stocks in vulnerable industries. This week was no different.

This video is a demonstration of the way Superior Profit Community members trade Stocks and Stock Options using CUE systems to generate consistent profit from the market.