| Weekly Trend: | __ | Up |
| Daily Trend: | Up | |
| Daily Momentum: | Flat |
Despite calls from some parties for a massive selloff, one that takes out the March 2009 lows, the evidence stands that price is taking a pause. looking at one of our favoured indicators, the Dow Transports, its holding itself above water and continuing to confirm recent strength. We may pause but until more concrete evidence of a change in trend arises we need to stay with the flow. On a side note the earnings season has now started so we’ll be treading carefully with new trades. We do not want to hold positions through earnings – the risks are simply too high.
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