Over the past two sessions almost every market vertical suddenly turned on a dime, the one exception of course being equities as downside corrections have effectively been illegal since November of last year. You’d think retail traders would love it but it’s become increasingly clear that the pool continues to shrink, the only exception perhaps being the stubborn buy and hold brigade.
Most of our ongoing campaigns seem to have survived the weekend and I very much hope so you have you. Now before you read on make sure to catch up on my Sunday update featuring this week’s top and bottom performing stock symbols, historically speaking of course as my crystal ball is still in the shop. Incidentally last week’s picks did very well adding 10.77% to the win side. Alright, let’s review where we are:
Boy what a mess. I think a special set of tools may be needed to navigate this tape. A set of razor sharp machetes may just do the trick. Clearly trading these swings isn’t for the faint of heart, but it can be profitable if you’re one of those nimble adrenalin junkies. Overall there isn’t much left to say at this stage that I haven’t already expressed over the past few weeks. So if you’re participating here then let’s limit ourselves to simply trading what’s directly ahead of us:
Apparently grilled snapper has been a popular choice as of late, as participation has been dying down and equities are now officially running on autopilot. Curiously participation as shown yesterday on the Zero indicator was mainly bearish with prices pushing sideways and then climbing higher overnight. What most likely follows next over the coming days will be nothing but stop runs and more noise aimed at hassling any remaining participants.