All Posts by Dave Landry

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To The Markets

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It's Friday afternoon (08/12/16) and it looks like the market is going to end the week on a soft note. The good news is that Ps (S&P 500) and Quack (Nasdaq) are just off of all-time highs. As a trend follower, I'm not going to argue with that. Ideally, I'd sure like to see some acceleration higher.

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The markets are like life in one aspect: there's always something to worry about. The Ps and Quack have lost a little steam as of late and the Rusty (IWM) still has some overhead supply to overcome.

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I guess you can't have everything--if you did, where would you put it (Wright?)

Most sectors remain in uptrends like the market itself. 

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So What Do We Do?

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I'm not seeing many meaningful longs at this juncture. This is normal for a pullback related methodology when a market is flirting with new highs. I'm still interested in IPOs since they appear to remain in a bull market. Further, being inefficient they can continue to forge ahead in spite of a shorter-term flat market. In general, by now, you should have a few longs on so focus mostly on managing and not micromanaging those (this market update was originally published in this article).

May the trend be with you!

Dave Landry