It was another weak close on the major averages with only the Dow ending in the green. Gold gathered some momentum and lead today while every other sector finished in the red with some hints of relative strength in banks.
Despite what looked like a decent set up for some troopage into the close, they were nowhere to be found rather awaiting another day to deploy
Days like today can start to really affect you emotionally with the enticing thoughts of checking out and becoming very lethargic. The problem with that is when we do turn it will be very important for us to be on top of our game so that we can play the bounce and benefit accordingly.
There have been some decent set ups here and there which we have played but most of the stocks we are eyeing are simply not ready yet and need a bit more seasoning. Rest up and well see you back here bright and early.
Have a good evening.
RevShark