Stocks Bounce Back on Yellen's Assurances

Stocks Bounce Back on Yellen's Assurances



This is a good article about the treacherous state of the stock market.  We had a good rebound in stocks on Thursday, but we are still a long distance away from the Dow getting back to 18,000.  The author gave charts of the S&P 500 as well as talking about the S&P bullish percent chart which looks worse than the S&P itself since it has a clear downtrend.  We definitely need to be defensive in the market.  I have been trading in and out of UDOW, the 3x Dow ETF, but I must take profits quickly on each rebound or I will end up losing money since the upward advance of the Dow past 18,000 is off the table right now.