Market Dashboard - Choppy Bullish Future


RUM Wave indicators continue to move to lower levels, particularly Primary Indicator #2.  This decline is interesting because we are not seeing much movement in the SPY.  This leads me to believe the SPY is in a sideways consolidation mode, and I think we would have seen the drop if it was going to happen.  Additionally, the ECB announced a round of economic stimulus just as the US FED is preparing to end theirs.  This provides some more bullish motivation for US and European equities. Investors should continue to protect themselves from downside moves.  Trailing stops are a useful tool to ride the wave higher and while simultaneously positioning yourself to secure profit if you are happy with your returns.