ANTICIPATE all market scenarios but wait for PRICE CONFIRMATION before you PARTICIPATE. Markets continued to recover from their recent selloff and while I have been pointing out the possibility of a short setup coming I have also stated what would need to happen for that bearish scenario to setup for a low risk trade. The low risk short sale never presented itself and that is why I tweeted the other day “I’m not in the prediction business- I observe objectively, anticipate potential scenarios, participate when price says, then manage risk $$”

The video below takes a look at where we are and have the potential to go in $SPY $GLD $AAPL $QQQ $IWM $XLF $SMH

ETF CLose July 5 2013

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