There wasn't much of a change in today's market action. We are still waiting for a breakout. It could come on Monday, which has been a pretty volatile day of the week over the last few months. The Iranian election results should be known (over the weekend) which could have an affect on energy stocks. There is still no way to know for sure which way this will break. When it does break, it should be easy to recognize...up or down. If it is up, look at some of the sector leaders like energy and financials for trading opportunities. If it breaks down, you could look for bearish trending stocks to trade...or you could just trade puts on the SPY, DIA, and QQQQ. Have a good weekend!
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