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Resistance at the 200 Day Line #UVE #NKE #trendfollowing

Early bear market rally or just a simple correction in a much longer bull market? That has been the topic of conversation. The reality is we are still below the 200 Day moving average which is a negative. Some leading stocks have become to breakout such as UVE and NKE, however some sector leaders broke out and failed ( HAWK). This is one of the older bull markets and caution should be demonstrated.

I am not trading a full position and scaling in. The biggest profits are at the beginning of a bull market- not one 6 years+

200 day

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