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Video Market Recap Friday, October 23, 2015 - SPY QQQ AAPL AGG GLD GDX USO UNG

10/24/2015

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       In trend-following strategies, such as the one I adhere to, you have to have a bullish or bearish bias. Is the stock you are trading in a long-term uptrend, or a long-term downtrend? If in an uptrend, it makes sense to look for oversold conditions and time your entries on the long side. Vice versa: if you stock is in a long-term downtrend, it makes sense to short the rallies. 
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