Blinking Yellow Light: Proceed with Caution

Blinking Yellow Light: Proceed with Caution

After a strong start this week, the market hit some resistance on Wednesday, slipped Thursday only to break above the 21-day moving average Friday. Several stocks are breaking out, and many A.M.P.D. traders are cautiously beginning to take new positions while we watch for a follow-through-day and for the leading indices to break back above…

Preserve Your Mental and Physical Capital

Preserve Your Mental and Physical Capital

The QQQ has plummeted below the 50-day moving average, and it’s halfway to the 200. Many A.M.P.D. traders have seen their protective stops trigger and have converted to cash. As the market pulls back, A.M.P.D. traders are playing defense, preserving their mental and physical capital, and watching for a new rally attempt and a new…