Links

Link

Trend Following the Stock Market Weekend Review $GLD $SPY $AMZN $FB

It was a very ugly session on Friday. Closed almost on the intraday lows. Volume was slightly higher than average. It might seem we are in the late stages of a Bull market or early stages of a Bear market. The “FANG” stocks are not holding up well and failing with breakout attempts. Some of the FANG stocks from a trend following standpoint ( breaking 50 Day Moving Averages show complete weakness). This is a tough market to be long. The question is will the recent support hold?

In the meantime GLD is moving up past the 200 day exponential moving average.

Learn how to trend follow via trendfollowingmentor.com

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts, commodity options or forex can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

Be Sociable, Share!

1 comment to Trend Following the Stock Market Weekend Review $GLD $SPY $AMZN $FB

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>