For those of you trading at home with me...

For those of you trading at home with me, I disclosed earlier today I picked up a small amount of HL. Let's not go crazy here, and review it to ensure it adheres to your risk tolerance and time horizon. But I think this is a buy appropriate for markets exactly like our current one:

However, let's keep an eye on this trade to make sure it doesn't head south too fast, because the moving averages could be hinting towards another trend. Yet, I think it's a great defensive play to make right now.

Remember the trend is not solely determined by moving averages, and the 20 day average falling below the 200 is more than likely attributed to what looks to be a flag pattern forming. In other words it is simply treading water at its new higher level.

Please refer to the One Dollar Advisor weekly subscribers addition to determine where and how we should put stop limits or how to purchase protection through options if suitable.