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Markets worked hard today to pull together some kind of recovery after yesterday's drop. The move down sent the major indexes into a critical territory and ever red alert signal went off indicating a potential deeper dive. The question is whether or not this footing will hold and allow for a move back to where we were. The headlines are full of scape goats for the drop but this is the season for a correction. Looking at history we are in the time of year where drops happen more often than not. So while the news wants to paint this as being triggered by a single event it is more likely part of a bigger cycle. Trends simply don't last for ever and being able to see momentum starting to shift is an invaluable bit of knowledge. While we have definitely seen a strong correction, it is still too early to call this a full on reversal. With today's tug of war between the bulls and bears we are watching closely to see what comes next. It is definitely a time to revisit your positions and hedging strategies to buckle everything down as we head into this storm. If you are looking for ways to read the momentum of the market to make sure you will be confident in the signs you are looking at, you should grab Joe Duffy's Little Black Book of Momentum Setups. He sent a link out earlier offering it for free. You can still access it here ![]() © 2021 Tradewins Publishing. All rights reserved. | Privacy Policy | Terms and Conditions | Contact Us The information provided by the newsletters, trading, training and educational products related to various markets (collectively referred to as the "Services") is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Sabiotrade Inc., a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Trading and investing involve substantial risk and is not appropriate for everyone. The actual profit results presented here may vary with the actual profit results presented in other Sabiotrade Inc., publications due to the different strategies and time frames presented in other publications. Trading on margin carries a high level of risk, and may not be suitable for all investors. Other than the refund policy detailed elsewhere, Sabiotrade Inc., does not make any guarantee or other promise as to any results that may be obtained from using the Services. Sabiotrade Inc., disclaims any and all liability for any investment or trading loss sustained by a subscriber. You should trade or invest only "risk capital" – money you can afford to lose. Trading stocks and stock options involves high risk and you can lose the entire principal amount invested or more. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not produce losses. |
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