Current market status: Uncertain ?
Wednesday's Signal: Sell/Short
The 2nd buy signal last week turned out to be a winner, as is usually the case. A potential strategy I will be working on during my coming "trading vacation" (mid-december to mid-January - for wash rule/tax purposes) is to close a position on the first signal and then open a new position on any 2nd signal that may follow. For example, we had 2 buy signals last week... 11/26 and 11/30. On the first signal, I would cover shorts on 11/26, then initiate a long position 11/30. Sure, sometimes you won't get 2 signals, but at worst, you'll face no risk on the sidelines after that first signal. This is just one idea. I have others as well, and I'll have a month to backtest all of them. Expect some changes next year. Thanks!