This market remains very tough for me and for many other top traders I look up to as well. Indexes are at all time highs and looking at the weekly charts of some stocks I've been trading half successfully it makes it worse because it doesn't look like the market would be hard.
Breadth has continued to be bad and really a small percentage of stocks are seeing strength but even in similar previous markets these bad breadth scenarios usually aren't as difficult for me.
I ended this week all cash but most of my stocks I bought early for the most part acted fine over the past few weeks. Any new trades I tried last week I had negative feedback and couldn't get any traction.
The number 1 rule here in this environment (or any environment that is difficult) is to survive. If I can't make progress easily it doesn't matter what anything else is doing, I need to reduce trade frequency, size down, and make sure I'm not trying to fight and press harder where I can open myself up to real damage.
When conditions line up for my style making progress is easy and whenever that appears I want my account to be as whole as possible. Dont want to be using that window to dig out of a hole.
For an uptrend to feel like the wind is at our back we want to see broadening growth participation. We want semis and software to move together. We continue to see one move while the other pulls back which is a major reason making progress in this environment remains difficult. At this point I'm accepting this is the best we will get for now.

