The market is telling not to take many new long positions - weekly market roundup 14th July 2018
Channel: Trading Profitably
Date: 2018-07-15

The market is telling not to take many new long positions - weekly market roundup 14th July 2018.

Instruments Discussed: USO, GLD, SPY, QQQ, DIA, IWM, LVS, IGT, LKQ, DLTR, WMT, WTW, etc.

Traders have different styles. Some like to buy a stock after it has significantly gone up. That is not CUE trading philosophy. Using CUE Systems, you can catch a swing low efficiently. Or even a long-term low. Where is the market at present? It is at a high level. CUE charts show most broad market ETFs are at or near resistance. Market breadth shows that internals is weak. Not a time to take new long positions in general. That is the conclusion from the market level. 

When you drill down, using CUE top-down analysis, you can always find buy opportunities where industry, fundamental and technical strength are aligned. We could find few such stocks this week as well. Not many though. Learn more from the detailed and easy viewing market roundup. Nothing to lose and everything to gain from it. As usual.

This is a demonstration of the way Superior Profit Community members trade Stock, Stock Futures, and Stock Options to generate consistent profit from Stock Market.