Market Could Go Either Way

I can’t say I disagree with Christian’s analysis that we could be in store for some major selling. The problem is the volatility has been crazy and my trend system hasn’t rolled over yet. It came real close yesterday, and with today’s gap down I thought for sure we could stick a fork in the markets, but they sure are resilient.

I sold out of my GLD today after buying it yesterday and am completely in cash and stress-free for next week. We’re likely
in for more of the same boring action as August is my least favorite month to trade. Now is the time to work on some systems, scans, or read a good book.