Pain In The Ass Tuesday Rub Down
It takes quite a bit for me to get frustrated but today’s tape was bugging the heck out of me. In typical screw the bears fashion put holders get painted out of their meager profits over the long weekend after which we saw less participation on the Zero Lite than during fucking Labor Day:
We stayed in solid bullish territory all day, although with a pretty weak signal – we only saw a few brief dips below the zero mark. Again, it’s frustrating to see that we had more participation on Labor Day as evidenced on the Zero Lite. We didn’t make new highs beyond the early morning rip – most likely the real action will happen over night, again locking put holders out of adjusting their positions.
Program Trading Update:
geronimo/ES: +1.75 – one good trade, one that didn’t have time to complete. But considering the pain in the ass tape today I take this one to the bank.
Okay, I need to hit the gym for some much needed stress relief – catch you rats later.