The Rubber Band Affect

Till we see how a backtest sets up on the indicators its hard to say if this is a buy. So far the path is being carved out. As it sits now, indicators are hinting for a bit of a backtest before any continuation upward. We are holding long SSO, TBT, POT, BIDU, AAPL, MA. Looking to add IYR with a successful backtest . The market doesn’t  have to stay above the lows for a backtest to be successful. Our indicators need to set up appropriate divergences allowing for a higher probability trade. So far the markets are oversold and need to reset.

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