James "Rev Shark" DePorre
Recent Articles By The Author
While the bears have been unsuccessful so far in breaking support, the bulls have been equally lackluster in generating upside momentum.
I don't see a lot of reason to trust there will be sustained upside action at this point.
The action we are seeing is very similar to what occurred back on May 13 and 14.
We need to get out of the way and protect capital.
The market has been issuing warning signs for days now and if you are a prudent trader you already should be holding high levels of cash.
But for TGT, producing the growth to drive a higher valuation is tough.
Selective trading is working.