It’s not for a lack of trying but I’ve got zilch today on the setup front. So we’ll have to make due with nursing some of our ongoing campaigns. The E-Mini didn’t grant us an entry yesterday but some of the subs and yours truly actually grabbed a long position on the Russell futures.
Apparently Ozzy was right, there’s no rest for the wicked. It’s been an awesome Christmas season thus far and there appears to be no stopping the current equities rally. After an obligatory down session prices are pushing higher yet again and I’m actually considering a re-entry on a small dip lower today:
Equities have come a long way since our fortuitous (but most deserving) entry last week. Exhibiting an irrational exuberance exceeding even ole’ Greenspan’s wildest imaginations indices have mercilessly pushed higher way beyond our initial profit thresholds. Which means now it’s time to pack it up and call it an awesome Christmas rally.
What exactly did they mean when singing ‘if you’re not greedy you will go far’? Clearly Oompa Loompas are not trader material and should stick with chocolate manufacturing only. Which incidentally may be coming back to the United States if President-elect Donald Trump will have his way. Not sure if that’s a good thing however. If I had to choose between a famed Hershey’s bar and one by Milka made from rich Alpine Swiss milk then I’m sure you know what I’d be stuffing my face with. By the way, a word of advice: Oompa Loompas – hard working little guys – but be sure to be nice to them as they aim directly for you gonads when they [...]