Thursday, April 19, 2018

QLD 50% long (cautiously) for Friday....04.19.20

We closed the open QLD position shortly after the open as our confirming indicators were all bearish. For Friday the signals are 50% long although all TrendX signals are negative and our general rule is to avoid long trades under such conditions. The position size has been scaled back accordingly.
Always better to be out of a position wishing you were in it than in a position wishing you were out.
QLD is down .20% after hours.