I only did one trade this week, which I already mentioned in my post on the Australian Dollar. As for today's stocks, I was only able to identify long candidates. I spent about an hour scanning, and I literally could not find anything in a decent downtrend. Actually, the only thing making 52 week lows were ultrashort ETFs!
To some, this may seem like a contrary indicator. Personally, I do not know which way the market will go next week. I sometimes get touches of hunches (to quote Ed Seykota), but I try my best to ignore them. All I can say is that the path of least resistance right now is up.
