Scary headlines continue to shake the confidence of investors and that has lead to an uncertain environment for the major index ETFs. This week we started out with a gap lower but then the QQQ and IWM made it to new annual highs before finding some profit taking. At Alphatrends we focus on the action in the individual stocks, wait patiently for low risk entries and then manage risk. This strategy continues to work well as we move out of losers with smalls losses and ride some great trends in the individual stocks.
The video below takes a look at key levels for the markets and reviews some trades that did and did not work out this week.
Have a good weekend!
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