Respect Price Development

As you will see in the Briefing, the Stock Indices are in the process of breaking out to the upside once again. While the move is not necessarily supported by the internals, we have to respect the fact that prices are moving higher. However, because the rally is weak internally, this makes trade management and stop management extremely important. I compared the current rally to the rally going into the end of 2019 that was not confirmed by the internals. If you stood on the side during 2019 you would have missed a good rally. However, the beginning of 2020 saw a 37% decline in the SPY.

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