Based on his 25 years of trading and forecasting experience, Glenn Neely describes the three phases of all markets, and he provides advice on the best trading strategy to employ in the current market phase. The three market phases are: Bottoming/Topping, Accumulation/Distribution, and Trending (up or down).
Specific Trading Strategies for Today’s Difficult Markets
In addition, Mr. Neely discusses the current phase of market action, which is most likely Distribution. What type of trading strategies should you use during this phase? Mr. Neely recommends "selling into strength" as the market prepares for a top over the next few months. Most important, focus on protecting capital, select trades carefully, and avoid big, risky bets.
Click to read the full transcript of this interview with Glenn Neely.
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