Path of Least Resistance

The QLD buy stop I placed yesterday was picked up and then the market fell. Today I promptly took off the QID trade and let the QLD run. All this without the consent of the low key CMI. A few more days like today would do the CMI trading some good.

Good volume on most of the indices gives an indication of a strong move to the upside. A gain of more than 8% will require that I put in a stop somewhere to at least take half although I would want to give this rally some breathing room.