The US employment numbers came out this morning, and they were disappointing. But disappointing does not begin to describe the situation in Europe.

There is a very old saying in the stock market that goes "Sell in May, and Go Away." This pertains to the notion that investors should cash in on their investments this month and take the summer off because June, July, August and September have traditionally been some of the worst months in the equity market.

Given the chaos and insistent inflation over time that the Federal Reserve and fiat currency have produced, it is hard to argue that the current system is one that should be encouraged.

Traders that can contain their losses and keep their capital intact will no doubt be rewarded when the next big move comes along.

In secular bull markets, an investor should search for assets that offer relative returns -- stocks and funds that will perform better than the market averages.

We simply must pay attention to what Spain has done this week.  What we will find may be considered a tipping point when the crisis is analyzed by some future historian.

Although Deron Wagner is not yet primarily bearish on the market, his market timing model has flashed a sell signal.

Very often we trade not to win, but satisfy our ego.

For traders, good habits are the key difference between profit and loss.