With High Distribution Day Counts, It Might Be Prudent Not To Be In The Stock Market
Currently we have 7 Distribution days on both the SPY and the QQQ. This shows strong institutional selling. It is like fighting an upstream battle in the stock market. One can look at the shares in which they bought and see how they are working. I try to pick the strongest stocks both fundamentally and technically. However these strong stocks such as FB, TWTR, QRVO, ORLY are not especially working.
It might be prudent to sit on the sidelines of the stock market…however you make your own decisions…
Trend following is comprised of both rules and art.
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According to Yahoo Finance, stocks are going higher:
"World stocks gain after Yellen signals gradual rise in rates"
finance.yahoo.com/.../...en-signals-094129437.html