Stay Out Of Trouble–Here’s How

Further distribution crept into the market on Tuesday as the NASDAQ
can be found struggling at its 200-day moving average. 

 

 

 

With the market acting poorly
and individual stocks very unable to produce any kind of consistent,
predictable move, it is best to sit out the action on the sidelines.  If you
have a strong desire to get involved in the action, ETFs may be your safest
bet.  Many times over the past year and a half, the market has looked awful,
only to re-gain its strength and push higher when no one expected it. 

We will be keeping an eye out
to see if the NASDAQ can hold its 200-day moving average on a weekly chart. 
Otherwise, stay out of trouble for now.