Putting the Brakes On

The CMI did not trigger a new trade today and instead skidded to a halt until at least tomorrow. I didn't buy into the morning gap in anticipation which was a good move. The expected buy of the QID would have run counter to the market direction today. Anticipation cost me a little last time. More importantly, I am still trying to come up with a better timed trade using the CMI with a simple stochastic signal. I don't think buying the QID into an oversold market is a good idea and apparently the CMI agreed. Staying aligned with the CMI is still the best advice.