Divergent Monday Rub Down
Divergent Monday Rub Down
Today was divergence day IMNSHO:
I told my subs this morning to be cautious as this looked like a classic bear trap – you can see how we dropped at the open but the Lite was not budging. Fortunately I was right and we got a massive swing to the upside. That was followed by a very clear divergence and we did get a few points to the downside but not as much as I had hoped for. Anything after that was pretty much a mess and I didn’t place any discretionary trades.
Program Trading Report:
Geronimo: +2.5
Two scalping trades today – one winning and one break/even – I’m counting this as 8 for 8 – wohooo!!!
In all honesty not a lot of people have been subscribing to this thing – which is a bit puzzling to me (and Eric). This thing keeps on kicking ass and taking numbers, but maybe the audience here does not fit the profile – I thought we had more heavy hitters frequent this devious little den of doom. Well, we’ll keep it running – maybe over time it can earn your love 😉
Cheers,
Mole