We’ve been seeing a lot of whipsaw as of late but apparently the respective dominant trends appear to always assert themselves. Which continues to be manna from heaven for dedicated mean reversion traders and habitual dip mongers. If you remember my posts earlier in the week, we were waiting for a few promising looking entries. So let’s see where we are today and if it’s time to pull those triggers:
Last week’s gap upwards has left market participants catching their breath and looking for a sign of future direction. As we are near all time highs there isn’t much technical context to hang our hats on, and until new context is established everyone is kind of stuck in limbo. Of course withholding new context by keeping the tape inside a narrow range is a great opportunity for market makers to make some easy money by bitch slapping over eager participants around a bit.
I have some family obligations to attend to today so let me get right to the point. This may be day you’ve been dreaming of, your chance to actually stick it to the Mole once and for all and, assuming you finally drop that disgusting glue sniffing habit, go on to tell your grandchildren all about it. Do I have your attention now? I thought so
I was recently encouraged by a reader to move my entire domain to SSL which was something I had been planning for a quite a while but kept forgetting due to my ever growing workload. However then Google suddenly sends me a notification yesterday which stated that any pages with password fields served via HTTP are going to flag a warning, starting… and get this: January 1st, 2017. Well, thanks a lot Google for the timely reminder!