A strong start to Friday but then a very weak close tells me I was right to go back to cash as markets are too choppy to really bother with right now.
They will give us some nice setups in a couple weeks or so, or perhaps a nice dip buy.
SPY moved well back above the 100 day average but then closed right on it with some heavy trading into the close.
Day-trading can be fine at the moment but there is no trend right now and charts are a bit of a mess.
That said, keeping an eye on stocks who hold up best or even continue higher during market volatility can often tell you which stocks and sectors will lead in the next move higher.
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