Ambivalent Friday Rub Down
Today’s session was pretty lack luster – which is interesting in itself as we painted new highs in our four equity food groups:
In terms of tradeable signals this day was a bit of a pain in the ass – the tape pretends to be running out of steam but we’ve seen the bull feign weakness before. Absent of a meaningful correction this third wave can easily keep extending early next week – we shall see.
Program Trading Update:
Two for two today – it’s the energizer bunny of scalping strategies, I swear – this thing just keeps going and going and going… 🙂
Enjoy your weekend my intrepid stainless steel rats – I’ll be in touch on Sunday.
BTW, who wants to party in Malibu this weekend?