CMI Sees Red

Unless the market gaps up significantly tomorrow, the CMI will drift into negative territory. Follow the signals exactly, tomorrow's opening price will end the QLD trade. There is a good chance that a new buy of the QLD could occur on Wednesday as this market is putting the CMI to the test. The first quarter of the year has not been kind unless you have followed the trading of the CMI which had yielded a 16% gain for the quarter.

The bull and bear in the left sidebar indicates no trade. As stated above, this could change quickly. If I had to venture a guess, I would expect the market to move higher over the next few days as it is merely building cause for the next leg up.