Individual stocks are not yet moving in earnest and we remain in a “hard penny” environment. Stay patient and disciplined for now. We will enjoy an “easy dollar” market again at one point, the only question is when. For now, I would hold off on getting too aggressive until we get more confirmation that a reliable bottom has been established. Stock traders should only buy qualified breakouts and only get aggressive if and when breakouts start displaying meaningful follow through. Always apply the concept of progressive exposure.
Our JS-TechTrading risk model stays on green: