http://archive.aweber.com/davelandryDave Landry Distribution ListMon, 14 May 2012 08:53:47 -0400http://archive.aweber.com/davelandry/9XCJU/t/05_14_12_Dave_Landry_s.htmGot a Minute? Here is today's Market in a Minute: http://www.tradingcommentary.com/mim/mim051412/mim051412.html Got Answers? Q: What's the most important chapter in your book? A: See page 79. Use this link if your order through Amazon: http://tinyurl.com/2vo395r Got Random Thoughts: NOTE: I'll be taking a break from the newsletter for a little while. I plan on resuming it on 05/25/12. The market can't seem to lift its head off the bottom of its trading range. As I've been saying, when it's "on the edge of the cliff", it sure looks like it will jump. We don't know that though. Yes, it looks ominous but I'd still avoid making any big picture predictions. As I've been saying, by now you probably should have some shorts working. If the market slides, then take partial profits on those and trail your stops lower. And, as usual, honor your stops on your existing longer. Let the market tell your trading portfolio what to do by practicing the aforementioned proper money & position management. Futures are weak pre-market. Best of luck with your trading today! Dave Questions? Comments? Buy my new book, read it, then shoot me an email at dave@davelandry.com or call me at(1) 985-898-4993. Disclaimer: All predictions are about the future. A lot of $#*! can happen between now and then. Information is provided for educational purposes only. See more disclaimers at www.davelandry.com Mon, 14 May 2012 08:53:47 -0400http://archive.aweber.com/davelandry/GJUiU/t/05_11_11_Dave_Landry_s.htmGot Webinars? Well not for a while. Join me Thursday, May 31st at 11:00 Eastern for Dave Landry's The Week In Charts. I'll have a new link next week. The password is the first word on page 99 of the Layman's Guide To Trading Stocks--all lower case (if your cheap or broke, go to a library). We had a great show yesterday if I say so myself. I discussed why I take partial profits using a current example. I introduced my "Stock Selecto Meter" which becomes more selective in poor conditions and less selective in good conditions. I then went on a random thoughts rant which included a discussion on the fact that markets go up and markets go down, what I learned at the AAPTA annual conference, why you shouldn't make any big picture predictions at this juncture, letting the ebb and flow adjust your portfolio, why shorts are a pain in the ass, being careful of common wisdom and clichés, plus much more. Finally, I covered market and sector conditions, where I'm seeing opportunities, and answered your questions on individual stocks & trading in general. Paypal users can download it from this link: http://tinyurl.com/8633fob Archives can be downloaded here. http://www.davelandry.com/wic/index.html Got a Minute? Here is today's Market in a Minute: http://www.tradingcommentary.com/mim/mim051112/mim051112.html Got Answers? Q: What's the password to your weekly webinars? A: See page 100. The first word, all lower case. Use this link if your order through Amazon: http://tinyurl.com/2vo395r Got Reviews? If you liked my book, then please put post a review on Amazon: http://tinyurl.com/6x5jrbw If you didn't like it, then go have no fun somewhere else. Got Service? Trading service with low introductory rate: http://www.davelandry.com/shop/ Over 5 years of archives are available on that page too. Got Charts? I use Telechart Platinum for all my US equity charting and scanning. Use this link for a free 14-day trial. Email me if you would like my exact scans. http://www.worden.com/CURRENTAFPROMO.aspx?AFCODE=136 I use MetaStock for all of my international work: http://www.equis.com/davidlandry Got Random Thoughts: I'm disappointed that the market rallied but came back in. I hate to read too much into a flat day though. The market is sitting on the bottom of its sideways range. Futures are weak pre-market so it looks like we'll challenge support once again. So what do we do? The correction, so far, has seemed somewhat orderly. As usual though, honor your stops and practice proper money management just in case. Since the big arrow is pointing sideways, you probably want to be selective on any new positions--use the "Stock Selecto Meter" for guidance. If you've been reading this newsletter and/or are on my service, then you probably have a few shorts on. Trail and scale on those as offered. Again, as mentioned here and in the webinar, let the ebb and flow should help to automatically adjust your portfolio. For the aggressive and nimble, watch for an opening gap reversal (or early morning reversal) since the futures are weak. Best of luck with your trading today! Dave Questions? Comments? Buy my new book, read it, then shoot me an email at dave@davelandry.com or call me at(1) 985-898-4993. Disclaimer: All predictions are about the future. A lot of $#*! can happen between now and then. Information is provided for educational purposes only. See more disclaimers at www.davelandry.com Fri, 11 May 2012 09:12:43 -0400http://archive.aweber.com/davelandry/9iIlU/t/05_10_12_Dave_Landry_s.htmGot DEW? THURSDAY,THURSDAY,THURSDAY! My most favorite day of the week. Why? Because it's chart show day! Join me TODAY, Thursday, May 10th at 11:00 Eastern for Dave Landry's The Week In Charts. Go here to sign up: https://www2.gotomeeting.com/register/992770994 The password is the first word on page 99 of the Layman's Guide To Trading Stocks (if your cheap or broke, go to a library). I have the mother of all shows on tap for today. I woke up early to work on my slides. With SO much to cover, I plan on being all jacked up on Mountain Dew. Archives can be downloaded here. http://www.davelandry.com/wic/index.html Got Answers? Q: What does a trend following methodology require? A: See page 91. Use this link if your order through Amazon: http://tinyurl.com/2vo395r Got Reviews? If you liked my book, then please put post a review on Amazon: http://tinyurl.com/6x5jrbw If you didn't like it, then go have no fun somewhere else. Got Service? Trading service with low introductory rate: http://www.davelandry.com/shop/ Over 5 years of archives are available on that page too. Got Charts? I use Telechart Platinum for all my US equity charting and scanning. Use this link for a free 14-day trial. Email me if you would like my exact scans. http://www.worden.com/CURRENTAFPROMO.aspx?AFCODE=136 I use MetaStock for all of my international work: http://www.equis.com/davidlandry Got a (little bit more than a) Minute? Here is today's Market in a Minute: http://www.tradingcommentary.com/mim/mim051012/mim051012.html Got Random Thoughts: The Ps once again probed support but managed to survive. Still, the market did end over ½% lower. The big arrow is pointing sideways. For those who don't understand my most favorite indicator, this means that the market has been trading in a sideways range. It'll look a little ominous when it is down towards the bottom of its range as it is now. However, it's important not to make any big picture predictions when it remains in the range. So what do we do? Continue to let the market guide you. Honor your stops on existing longs and trail your stops lower/take partial profits on shorts. Following the ebb and flow should help to automatically adjust your portfolio. I'm going to flesh this out later today in the chart show. I'm still not seeing any exciting new setups at this juncture. This is the market telling me to stay out while it finds its way. And, it pays to listen. Best of luck with your trading today! Dave Questions? Comments? Buy my new book, read it, then shoot me an email at dave@davelandry.com or call me at(1) 985-898-4993. Disclaimer: All predictions are about the future. A lot of $#*! can happen between now and then. Information is provided for educational purposes only. See more disclaimers at www.davelandry.com Thu, 10 May 2012 09:10:21 -0400http://archive.aweber.com/davelandry/Hnt6U/t/05_08_12_Dave_Landry_s.htmGot Shows? Join me, Thursday, May 10th at 11:00 Eastern for Dave Landry's The Week In Charts. Go here to sign up: https://www2.gotomeeting.com/register/992770994 The password is the first word on page 99 of the Layman's Guide To Trading Stocks (if your cheap or broke, go to a library). We had a good webinar last week if I say so myself. I covered a plethora of stuff and had a few "you just paid for your webinar" moments. Paypal users can use this link: http://tinyurl.com/84bsatc Archives can be downloaded here. http://www.davelandry.com/wic/index.html Got Answers? Q: You make it look easy Dave. So, why isn't everyone doing it? A: See page 22. Use this link if your order through Amazon: http://tinyurl.com/2vo395r Got Reviews? If you liked my book, then please put post a review on Amazon: http://tinyurl.com/6x5jrbw If you didn't like it, then go have no fun somewhere else. Got Service? Trading service with low introductory rate: http://www.davelandry.com/shop/ Over 5 years of archives are available on that page too. Got Charts? I use Telechart Platinum for all my US equity charting and scanning. Use this link for a free 14-day trial. Email me if you would like my exact scans. http://www.worden.com/CURRENTAFPROMO.aspx?AFCODE=136 I use MetaStock for all of my international work: http://www.equis.com/davidlandry Got a (little bit more than a) Minute? Here is today's Market in a Minute: http://www.tradingcommentary.com/mim/mim050912/mim050912.html Got Random Thoughts: The Ps took out short-term support but then reversed to close above it. This action scores as a minor positive. However, it doesn't matter. Futures are getting whacked pre-market. The weak open might actually be a good thing. As I've been saying, I'd like to see this market gap sharply lower and then have the mother of all reversals. This would shake out some nervous longs, make existing shorts feel good, and attract some new shorts. The rally would then subsequently squeeze them out. So what do we do? Although a big picture top still appears to remain in place, I'd still avoid making any big picture decisions. As usual, take things one day at a time. By now, you should have a few shorts on. That should help to mitigate losses in left over longs. Let the market guide you. Honor your stops on existing longs and trail your stops lower/take partial profits on shorts. Following the ebb and flow should help to automatically adjust your portfolio. As far as new setups, I'm not seeing anything exciting at this juncture. This used to bum me out. Now, I just know it's the market telling me to stay out while it finds its way. Best of luck with your trading today! Dave Questions? Comments? Buy my new book, read it, then shoot me an email at dave@davelandry.com or call me at(1) 985-898-4993. Disclaimer: All predictions are about the future. A lot of $#*! can happen between now and then. Information is provided for educational purposes only. See more disclaimers at www.davelandry.com Wed, 09 May 2012 09:25:46 -0400http://archive.aweber.com/davelandry/Cq2PU/t/05_08_12_Dave_Landry_s.htmGot Shows? Join me, Thursday, May 10th at 11:00 Eastern for Dave Landry's The Week In Charts (no show this week). Go here to sign up: https://www2.gotomeeting.com/register/992770994 The password is the first word on page 99 of the Layman's Guide To Trading Stocks (if your cheap or broke, go to a library). Archives can be downloaded here. http://www.davelandry.com/wic/index.html Got Answers? Q: How do I know if a stock is rolling over vs. just pulling back? A: See page 133. Use this link if your order through Amazon: http://tinyurl.com/2vo395r Got Reviews? If you liked my book, then please put post a review on Amazon: http://tinyurl.com/6x5jrbw If you didn't like it, then go have no fun somewhere else. Got Service? Trading service with low introductory rate: http://www.davelandry.com/shop/ Over 5 years of archives are available on that page too. Got Charts? I use Telechart Platinum for all my US equity charting and scanning. Use this link for a free 14-day trial. Email me if you would like my exact scans. http://www.worden.com/CURRENTAFPROMO.aspx?AFCODE=136 I use MetaStock for all of my international work: http://www.equis.com/davidlandry Got a (little bit more than a) Minute? Here is today's Market in a Minute: http://www.tradingcommentary.com/mim/mim050812/mim050812.html Got Random Thoughts: I'm a little concerned that we may have seen a "pause" day yesterday--a flat day right before the previous short-term trend resumes. Also, the market still looks like a big picture top. You have to be careful though. When the market has traded sideways and is towards the bottom of its range, it will look quite ominous. So, what do we do? Even though things look a little dicey, I'd still avoid making any big picture predictions. If you've been reading this newsletter or are on my trading service, then you have some shorts working. Look to take partial profits on those as offered and trail your stops lower. Honor your stops on existing longs. And, be very selective on new positions while the market is headed sideways at best. That's damn good advice if I say so myself. Futures are weak pre-market. Best of luck with your trading today! Dave Questions? Comments? Buy my new book, read it, then shoot me an email at dave@davelandry.com or call me at(1) 985-898-4993. Disclaimer: All predictions are about the future. A lot of $#*! can happen between now and then. Information is provided for educational purposes only. See more disclaimers at www.davelandry.com Tue, 08 May 2012 09:12:09 -0400http://archive.aweber.com/davelandry/EUdJk/t/05_07_12_Dave_Landry_s.htmGot Shows? Join me, Thursday, May 10th at 11:00 Eastern for Dave Landry's The Week In Charts (no show this week). Go here to sign up: https://www2.gotomeeting.com/register/992770994 The password is the first word on page 99 of the Layman's Guide To Trading Stocks (if your cheap or broke, go to a library). Archives can be downloaded here. http://www.davelandry.com/wic/index.html Got Answers? Q: I've heard the old adage: "sell in May and go away" So, should I avoid trading during the summer months? A: See page 92. Use this link if your order through Amazon: http://tinyurl.com/2vo395r Got Reviews? If you liked my book, then please put post a review on Amazon: http://tinyurl.com/6x5jrbw If you didn't like it, then go have no fun somewhere else. Got Service? Trading service with low introductory rate: http://www.davelandry.com/shop/ Over 5 years of archives are available on that page too. Got Charts? I use Telechart Platinum for all my US equity charting and scanning. Use this link for a free 14-day trial. Email me if you would like my exact scans. http://www.worden.com/CURRENTAFPROMO.aspx?AFCODE=136 I use MetaStock for all of my international work: http://www.equis.com/davidlandry Got a (little bit more than a) Minute? Here is today's Market in a Minute: http://www.tradingcommentary.com/mim/mim050712/mim050712.html Got Random Thoughts: In case you were wondering where I've been: I had an awesome weekend at the American Association of Professional Technical Analysts (AAPTA) annual meeting. My brain is full! Special thanks to all that worked so hard to make this happen. Well, the market obviously got whacked on Friday, losing 1 ½ to 2% of its value. This action keeps the head & shoulders pattern in place. Futures were getting creamed overnight but now they're just a little soft. I was hoping for a big down open--a "diaper change" moment (this term was stolen from Ian McAvity)--followed by a reversal. This would have shaken out some more nervous longs made the shorts more complacent and then squeezed them out. It looks "obvious" that the market is going to roll over. Also, all the pros that I was fortunate enough to rub elbows with over the weekend were bearish. Seems like everyone got really bearish really fast. I don't know if this is a microcosm of what's really out there, but if it is, the obvious rollover might not work. You know me though. I'm a one-day-at-a-time kind of guy. If the market drops below its range and stays, then it would not be a good thing. If it has the mother of all reversals, then we may have dodged a bullet. So what do we do? Well, if you've been reading this newsletter and/or have been on my trading service, you've got a few shorts in your portfolio (you're welcome). Look to take partial profits on those as offered/trail your stops lower. On existing longs, honor your stops just in case this turns into something bigger. Honoring your stops, trailing your stops, taking partial profits, waiting for entries on new positions, and being selective--especially in a sideways market--will go a long ways to keeping you on the right side of the market (or out of choppy markets!) and will keep you in this business a long time. Do that and you will be successful. Best of luck with your trading today! Dave Questions? Comments? Buy my new book, read it, then shoot me an email at dave@davelandry.com or call me at(1) 985-898-4993. Disclaimer: All predictions are about the future. A lot of $#*! can happen between now and then. Information is provided for educational purposes only. See more disclaimers at www.davelandry.com Mon, 07 May 2012 09:26:36 -0400http://archive.aweber.com/davelandry/OgHSk/t/05_03_12_Dave_Landry_s.htmGot Shows? Join me, Thursday, May 10th at 11:00 Eastern for Dave Landry's The Week In Charts (no show this week). Go here to sign up: https://www2.gotomeeting.com/register/992770994 The password is the first word on page 99 of the Layman's Guide To Trading Stocks (if your cheap or broke, go to a library). We had a good webinar last week if I say so myself. I covered a plethora of stuff and had a few "you just paid for your webinar" moments. Paypal users can use this link: http://tinyurl.com/84bsatc Archives can be downloaded here. http://www.davelandry.com/wic/index.html Got Answers? Q: What is an easy way to stay on the right side of the markets? A: See page 144. Use this link if your order through Amazon: http://tinyurl.com/2vo395r Got Reviews? If you liked my book, then please put post a review on Amazon: http://tinyurl.com/6x5jrbw If you didn't like it, then go have no fun somewhere else. Got Service? Trading service with low introductory rate: http://www.davelandry.com/shop/ Over 5 years of archives are available on that page too. Got Charts? I use Telechart Platinum for all my US equity charting and scanning. Use this link for a free 14-day trial. Email me if you would like my exact scans. http://www.worden.com/CURRENTAFPROMO.aspx?AFCODE=136 I use MetaStock for all of my international work: http://www.equis.com/davidlandry Got a (little bit more than a) Minute? Here is today's Market in a Minute: http://www.tradingcommentary.com/mim/mim050312/mim050312.html Got Random Thoughts: With a flat day, not a whole lot changes. The indices have been sideways as of late. Again, when they are stuck in a sideways range like this, a few big up days will put them back to new highs and make all the difference in the world. Unfortunately, the converse is also true. So, for now, we remain stuck in a one-day-at-a-time environment. And, when it comes to markets, sort of like life, you really can't take on more than a day at a time anyway. Freshman psychology rears its ugly head. The rest of my comments are mostly a cut and paste from recently: I think you can still look to fire off a short or two. However, once again, avoid making any big picture predictions for now. Also, as usual, make sure you wait for entries. Futures are flat to firm pre-market. Best of luck with your trading today! Dave Questions? Comments? Buy my new book, read it, then shoot me an email at dave@davelandry.com or call me at(1) 985-898-4993. Disclaimer: All predictions are about the future. A lot of $#*! can happen between now and then. Information is provided for educational purposes only. See more disclaimers at www.davelandry.com Thu, 03 May 2012 07:29:00 -0400http://archive.aweber.com/davelandry/KZRBk/t/05_02_12_Dave_Landry_s.htmGot Shows? Join me, Thursday, May 10th at 11:00 Eastern for Dave Landry's The Week In Charts (no show this week). Go here to sign up: https://www2.gotomeeting.com/register/992770994 The password is the first word on page 99 of the Layman's Guide To Trading Stocks (if your cheap or broke, go to a library). We had a good webinar last week if I say so myself. I covered a plethora of stuff and had a few "you just paid for your webinar" moments. Paypal users can use this link: http://tinyurl.com/84bsatc Archives can be downloaded here. http://www.davelandry.com/wic/index.html Got Answers? Q: How do I keep my butt from getting burned? A: See page 145. Use this link if your order through Amazon: http://tinyurl.com/2vo395r Got Reviews? If you liked my book, then please put post a review on Amazon: http://tinyurl.com/6x5jrbw If you didn't like it, then go have no fun somewhere else. Got Service? Trading service with low introductory rate: http://www.davelandry.com/shop/ Over 5 years of archives are available on that page too. Got Charts? I use Telechart Platinum for all my US equity charting and scanning. Use this link for a free 14-day trial. Email me if you would like my exact scans. http://www.worden.com/CURRENTAFPROMO.aspx?AFCODE=136 I use MetaStock for all of my international work: http://www.equis.com/davidlandry Got a (little bit more than a) Minute? Here is today's Market in a Minute: http://www.tradingcommentary.com/mim/mim050212/mim050212.html Got Random Thoughts: On a net net basis, the Ps had an okay day by gaining over ½%. This action has them within 1% of multi-year highs. Unfortunately, the rally did lose steam intra-day. Other indices didn't fare as well. The Quack and Rusty closed flat, giving up nice intra-day gains. As I've been preaching, stalling action, even intra-day, can make a market at these levels look a little ominous. A big up or two would fix that. Since that didn't happen on Tuesday, we'll have wait a little longer. In the meantime, I think you can still look to fire off a short or two. However, once again, avoid making any big picture predictions for now. Also, as usual, make sure you wait for entries. Futures are weak pre-market. Best of luck with your trading today! Dave Questions? Comments? Buy my new book, read it, then shoot me an email at dave@davelandry.com or call me at(1) 985-898-4993. Disclaimer: All predictions are about the future. A lot of $#*! can happen between now and then. Information is provided for educational purposes only. See more disclaimers at www.davelandry.com Wed, 02 May 2012 09:05:24 -0400http://archive.aweber.com/davelandry/LH9kk/t/05_01_11_Dave_Landry_s.htmGot Shows? Join me, Thursday, May 10th at 11:00 Eastern for Dave Landry's The Week In Charts (no show this week). Go here to sign up: https://www2.gotomeeting.com/register/992770994 The password is the first word on page 99 of the Layman's Guide To Trading Stocks (if your cheap or broke, go to a library). We had a good webinar last week if I say so myself. I covered a plethora of stuff and had a few "you just paid for your webinar" moments. Paypal users can use this link: http://tinyurl.com/84bsatc Archives can be downloaded here. http://www.davelandry.com/wic/index.html Got Answers? Q: What type of order can be a recipe for disaster? A: See page 107. Use this link if your order through Amazon: http://tinyurl.com/2vo395r Got Reviews? If you liked my book, then please put post a review on Amazon: http://tinyurl.com/6x5jrbw If you didn't like it, then go have no fun somewhere else. Got Service? Trading service with low introductory rate: http://www.davelandry.com/shop/ Over 5 years of archives are available on that page too. Got Charts? I use Telechart Platinum for all my US equity charting and scanning. Use this link for a free 14-day trial. Email me if you would like my exact scans. http://www.worden.com/CURRENTAFPROMO.aspx?AFCODE=136 I use MetaStock for all of my international work: http://www.equis.com/davidlandry Got a Minute? Here is today's Market in a Minute: http://www.tradingcommentary.com/mim/mim050112/mim050112.html Got Random Thoughts: Since I did such a good job with yesterday's newsletter, I didn't want to change it too much. Therefore, it's a bit of a déjà vu all over again. Once again, I will explain trend: A market that is making new highs is in an uptrend. A market that is making new lows is in a downtrend. A market that is not doing either of the above is going sideways. You know, I wish I would have known that 25 years ago when I was busy plotting that 15th oscillator trying to figure out where the markets were headed. Considering aforementioned explanation about trend: Since the market is near its old highs, a few big up days would put the market back in uptrend mode. Unfortunately, we obviously didn't see that on Monday so we're stuck in range mode. As I've been preaching, it's important not to make any big picture predictions just because the market has lost a little steam. Yeah, it could be rolling over but it might just be taking a bit of a breather. Nothing has changed just yet. So, continue to take things one-day-at-a-time. Honor your stops on existing positions, wait for entries on new ones, be selective, and consider firing off a short or two just in case this consolidation turns into more than just that. That's pretty dang good advice if I say so myself. Do this and you'll be in the markets for a long, long, time. Futures are flat to soft pre-market. Best of luck with your trading today! Dave Questions? Comments? Buy my new book, read it, then shoot me an email at dave@davelandry.com or call me at(1) 985-898-4993. Disclaimer: All predictions are about the future. A lot of $#*! can happen between now and then. Information is provided for educational purposes only. See more disclaimers at www.davelandry.com Tue, 01 May 2012 09:19:56 -0400http://archive.aweber.com/davelandry/Fjcek/t/04_30_12_Dave_Landry_s.htmGot Shows? Important-New link/reschedule: I had forgotten that I have a prior business engagement on Thursday May 3rd. Therefore, the May 3rd show has been rescheduled to the following Thursday, May 10th. So, join me, Thursday, May 10th at 11:00 Eastern for Dave Landry's The Week In Charts. Go here to sign up (new link this week): https://www2.gotomeeting.com/register/992770994 The password is the first word on page 99 of the Layman's Guide To Trading Stocks (if your cheap or broke, go to a library). We had a good webinar last week if I say so myself. I covered a plethora of stuff and had a few "you just paid for your webinar" moments. Paypal users can use this link: http://tinyurl.com/84bsatc Archives can be downloaded here. http://www.davelandry.com/wic/index.html Got Answers? Q: How do I catch a major market trend long before the masses? A: See page 144. Use this link if your order through Amazon: http://tinyurl.com/2vo395r Got Reviews? If you liked my book, then please put post a review on Amazon: http://tinyurl.com/6x5jrbw If you didn't like it, then go have no fun somewhere else. Got Service? Trading service with low introductory rate: http://www.davelandry.com/shop/ Over 5 years of archives are available on that page too. Got Charts? I use Telechart Platinum for all my US equity charting and scanning. Use this link for a free 14-day trial. Email me if you would like my exact scans. http://www.worden.com/CURRENTAFPROMO.aspx?AFCODE=136 I use MetaStock for all of my international work: http://www.equis.com/davidlandry Got a Minute? Here is today's Market in a Minute: http://www.tradingcommentary.com/mim/mim043012/mim043012.html Got Random Thoughts: This is what you need to understand about trend: A market that is making new highs is in an uptrend. A market that is making new lows is in a downtrend. A market that is not doing either of the above is going sideways. Considering the above, since the market is near its old highs, a few big up days would put the market back in uptrend mode. Upside follow through will be key. We didn't see a whole lot of that last Friday but at least the market ended in the plus column. Better than a poke in the eye, I suppose. I don't think a whole lot has changed just yet. I'm still seeing some interesting shorts. Hopefully, I won't get triggers so I can avoid any new short side positions. Once (intuition or into-wishing?) we make it back to new highs, we'll likely see more and more longs setting up. For now, continue to take things one-day-at-a-time. Honor your stops on existing positions, wait for entries on new ones, be selective, and consider firing off a short or two just in case this consolidation turns into more than just that. That's pretty dang good advice if I say so myself. Do this and you'll be in the markets for a long, long, time. Futures are flat to soft pre-market. Best of luck with your trading today! Dave Questions? Comments? Buy my new book, read it, then shoot me an email at dave@davelandry.com or call me at(1) 985-898-4993. Disclaimer: All predictions are about the future. A lot of $#*! can happen between now and then. Information is provided for educational purposes only. See more disclaimers at www.davelandry.com Mon, 30 Apr 2012 09:08:29 -0400