The Declining Breadth of the Market

A lot of the names like Roku that had been leaders in 2020, 2021. Those were failing those breakouts from late stage bases become a little bit wider and loose breaking under the 200 day moving average. And we didn't quite see that outside the oil and gas names which have been doing tremendous over this year but not really what we love to trade. So when we do get another sustained uptrend above all those moving averages that's when we can really start to compound our accounts. But overall it's been a market where less is more cash is definitely a position here.