Daily Outlook: Short term signals continue to be bullish. I’ve had a bearish long term outlook since 2009, though since early July I’ve been buying along with the uptrend. Earlier this week I tested the waters of a longer-term short only to be stopped out quickly. Luckily those short term buys I keep piling on more than make up for the bad trade. The trade had a great reward/risk ratio, and great money mangement, so even if I only win that one 1 out of 4 times I would be profitable, so I don’t feel bad about being taken out of the position.
Today is Friday, so I’ll be cautious and most likely head into the weekend trade-free, but the short term trend is up so I will continue to keep an eye open for buying opportunities. As alwa