Sunday, August 8, 2010

Market state

I find myself a bit baffled with what is the real state of the market right now. I am hesitant to put long term money to work as I think the long term trend is still bearish or at least neutral. Different source suggest we have had a 50/200 day bullish cross recently though the way I have some of my charts set up I do not see this. I am not willing to jump on the bandwagon here. What might change my mind would be clear strength to the upside AND then a subsequent pullback.

There have been a number of good performing stocks. I see a few ETFs that are worth considering. But the bulk of my market time is thinking long term while I learn futures platform and I will likely conserve capital. If I miss some bull, so what.

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