A few weeks ago some perma-bearish clown showed up and began to mix it up in our comment section. It didn’t take him very long to get squashed by the mighty ban hammer as he immediately began to challenge and offend half of the posters here, including yours truly. I don’t usually comment on trolls or clowns but this particular incident turned out to be highly educational and thus should serve as a stark warning to the rest of us: Never ever bet the farm on a lottery ticket.
Equity index futures managed to hold the line without much drama over the long weekend, and all things being equal this would be a good omen for the remainder of this week. Unfortunately the bulls are now facing a bit of headwind for week #8 statistically speaking.
I promised you a comprehensive momo update and just like a Lannister the market mole always pays his debts. Except here at the lair you won’t have to wait almost two years for new episodes. Come rain or shine, I deliver daily and I’m known to spoil my intrepid subs in particular. That said, if the GOT producers get away with taking an 18 months break, all the power to them!
Many years back, during a period of introspection due to a series of losses, an old floor trader who was mentoring me at the time shared with me the most important rule of his 40-year long trading career: Simply trade the market in front of you instead of the one you want to be trading.