Sneaky Momentum

It's amazing what a couple of mediocre days will do to the CMI. It looks like any positive finish on Friday for the Q's will be enough to end the QID trade and bring the bull back to the sidebar. Such is the life of a trend follower. The good news is that the current market conditions haven't done much damage to the year-to-date gains. Flat markets cost more in commissions but it is better to stay in the game and wait for the big trend to re-emerge. Tommorow, surprisingly, will be a pivotal day.