5 Jan, Dow down BIG

48.7% US Stocks > 50 day SMA

42.6% US Stocks > 20 day SMA

Market Bias is Neutral

Currently no holdings, stopped out of UDOW position with a small profit.

Today is a great example of my strategy at work.  Did I know the market was about to drop suddenly?  Absolutely not.  Was I prepared for it.  Absolutely I was!  Did I make a profit on my investment? Yep.  Will I be chasing this decline or think this is a good entry point?  No, it does not meet my entry criteria.   I'm on the sidelines until the next entry point is identified.