| Weekly Trend: | Down |
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| Daily Trend: | Down | |
| Daily Momentum: | ___ | Down |
A poor performance today but initial strength was enough to trigger trail stops on all open positions. I hope I haven’t over reacted on moving stops down and leave us without positions on further weakness. I continue to think that trading a bounce higher from here is not a high probability trade and that one is best await that bounce to reposition new short positions. In the upcoming Melbourne Traders & Investors Expo I will be doing a 1 1/2 hour presentation on these kinds of ‘swing trade’ setups and appropriate trade management. All details will be fully disclosed.
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