The market is officially on day 1 of a bounce. In 2016 markets, an upside move that lasts more than a few hours is an event to note. Despite meticulous research over the weekend, I picked the slowest horse in the race–the Dow Jones, which is up a mere 20 basis points as we head into the close.
Last year I eliminated picking stocks to trade, opting instead to focus on futures trading and investing. Now I am entertaining the idea of using Motif to go long all four indices when I want to take a position trade.
The best methods are the simplest. Simplicity is durable.
The bounce is mature in bear market terms, but perhaps my lenses have been fogged by the harsh conditions and the bounce is still young and the Dow can rise to outperform the others.
You can see all my weekend research for free these next five days if you take us up on the free trials we are offering for Exodus. Just sign up, no credit card required, then go inside and click the Strategy Session. Here’s the trial link:
https://exodus.ibankcoin.com/free-trial
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Simplicity truly makes a huge difference, even more so in tough times. My new experiment is to focus on trading ETF’s that flash OS in Exodus. Not just from the USA indices, but also international ones. Using a shorter time (5 day hold) to account for the volatile nature of the market in general.