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November 26, 2012 at 10:30 AM EST
Dollar Is Saying That Stocks Are Likely to Pull Back
The stock market is at a very critical pivot point which I feel will generate opportunities in December and for the first quarter of 2013. Trading with the trend is not always an easy task. It is human nature to predict and jump to conclusions and usually it’s better to trade with the trend no matter what your emotions are telling you. The current trend is down and I stick with that until we are proven wrong. If you carefully analyze the chart below you will understand where we are trading in the market and what the risks are ...
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