No Surprise the Down Trend Continues

Someone said to me this morning, "I'm disappointed to see the market down this morning. I wanted to go bullish." I responded, "I'm going to do this new program, it's called 'The Trend.'" They laughed. Dave's Insight: It doesn't matter what you want. The only thing that matters is what is. How many of you have heard, Dave's Insight: Trade the Market, not you thoughts? We're not joking about this trend concept. We've stated this over and over and over again, Dave's Insight: The Trend is the Most Important Factor in every trade. Here's a Dave's Insight: The Trend almost always trumps the news. We've also stated and posted here that there are very few economic announcements that change the intermediate term trend. We told you to look for some extra volatility yesterday and then when it was over look for the trend to continue. We'll apparently it is this morning. This philosophical focus is invigorating this early in the morning! Futures are down, which as you know, we know doesn't always always mean the market will be down today, however, the trend is also down and with the bounce we had yesterday and the reality is that nothing changed yesterday, it likely is a good indication that the already existant down trend will continue. Rememer, even though most stocks trend with the market, trade the trend on the stock you are trading. Pre-Market: Stocks to Watch RIMM is down from their earnings release last night. MEE, CNX, ANR, BTU are up in the pre-market. We'll be back a little later this morning after our webcast...