Not Yet!

Investors were reluctant to make big bets ahead of two events that could dictate the market's direction for the rest of the year and beyond, leaving stocks little changed at the close on Monday. The Dow Jones industrial average gained 5 points, to 11,124. The Standard & Poor's 500 Index added 1.02 points, to 1,184. The Nasdaq Composite Index dropped 2.57 points, to 2,504. Volatility crept back into the market today as we were finally stopped out on a few of our long positions. When we say stopped out, we mean that in the best profitable way. During this bullish uptrend, we have been moving up our stops to lock in profits. This is how professional traders make a positive impact to their bottom line. Remember, let your winners run and keep your losses small. Sounds easy? With the right tools, it is. Our software allows our traders to take advantage of the big moves while minimizing losses. We still have a few long positions with tight stops. Looking at our SPY chart, the bulls are still in control but the bears will be looking for a close below 117.75. Did you notice how the low on the SPY today corresponded with our stop? Coincidence? Not really. Our software was designed by some of the biggest and best institutional players on Wall Street. We see what they see. Easy as that. Good trading to all.