You’re most welcome. Hope it pans out. I know my outlook on the broad market hasn’t changed for some time now but for those frustrated with the sideways grind in the broad market, my suggestion would be to focus on individual stocks, sectors & commodities that appear to offer much better R/R trading opps.

There’s nothing wrong with trading the broad markets either as despite a market that seems bullet-proof, I still maintain that the R/R is clearly skewed to the downside. I’ve been saying that for months & just because the market hasn’t corrected does not mean that statement has been proved false. R/R is all about the ratio of potential loss to gain. One just has to be patient when getting caught in a position that trades within a range for an extended period of time.

With the broad market (SPX) only trading just above 1% where it was over 3 1/2 months ago & the small caps trading where about 1.2% above where they were trading 6 1/2 months ago, my statement (so far) has very much held true: minimal upside potential in the market compared to the downside potential (which, of course, has yet to play out). That statement regarding the R/R skewed to the downside simply hasn’t been proven right yet nor has it been proven wrong. I still maintain that the next 10% move is more likely to be to the downside before the upside.