
As I was recording the alert for our Equity Traders I found that all of the major markets hit my price targets from last week’s market report, with the exception of QQQ’s which fell short by only a few pennies. I don’t want to jump the gun on my report for tomorrow but things are looking especially bearish for the general markets as a whole. I’ve said it before and I’ll say it again, the most important rule you can follow is The 1% Rule for Managing Risk. It would be a good idea to revisit the video I have on our website explaining this rule so you’re not exposing yourself to a lot of risk. This is the time when we have to pay most attention to the downside.