There are many, myself included, that want to see the market turn bullish but hopes are the hallmark of busted trading accounts.  Price action gives us our cues on how to trade and that's what counts.

Fossil, or FOSL, looks bullish and is trading at its 5 year high as of today but the market isn't behind the move so don't take the bait.





The Dow traded down pretty hard today on what was relatively light volume so it tells me that the market's natural inclination is to trade downwards.

At this point, look for the Dow to trade down to the 9700 level and test support.  At that point, I would recommend some type of option straddle position and if the Dow surprises me by trading higher then look to stocks like FOSL that are showing strength in a weak market, to lead the market higher.

Wait for pullbacks and breakouts out of tight trading ranges, ride the momentum higher at that time but, for now, ride momentum down to the Dow's 9700 level and then tighten up stocks till price tells us what to do at that time.

Good trading, good hunting.