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We are finishing this week up on a pretty bullish note, all things considered. When you think about the fact that on Monday the bears had a golden opportunity to commence a fresh leg lower only to get trapped for the rest of the week, it does suggest that the bulls may be gaining ground in a meaningful way going forward. We know where the battle lines are drawn, with the rising channel that I have been discussing on the S&P 500 daily chart. Those are levels to certainly look at going forward to gauge whether we are, in fact, going into a different market climate than we have seen over the past few months.
That said, I suspect the healthiest thing for the bulls to see here would be a few boring sessions early next week. Patterns are still a bit sloppy and loose on a bevy of daily charts, including the indices. So, bring on the boring and let’s tighten some charts up. Bears, of course, want to see a fast and furious reversal lower, led down by the lagging commodity stocks. I am trying to keep an open mind here, as I locked in a few winners inside 12631 yesterday and today, while trading around this market.
This remains a very challenging market, so don’t be too hard on yourself. Negativity is for losers, so if you make a bad trade try to learn from your mistakes and move on. Have a relaxing meal tonight and go have some fun.
See you guys later.
Sexy is never boring, although in this case, it may be Romanian.
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Where’s my weekend tick to the Romanian Sh(/k)in Dig? Dirt floor and retaining blocks walls? I guess that’s the Eastern “Block” BRICC for ya. Authentic.
Maybe IBC can hire some newly displaced Syrians and Egyptians to lay a foundation and do silver tiling?
Check $WYNN if curious Chess.
Casinos have some nice potential here.
I got some MGM today.
Go Gilbride!
Ugh, I hate the dense fucker.
RUN THE BALL, STOOPID HEAD!
Gonna be loooong season, I am afraid.
Her face is quite boring.
I’m not so sure. I’ve been watching LVS from $40 to $47 inside of 10 days. I think I missed it. Got caught watching. A little too nervous going at it here. Another great pix, though. Nice top and bottom end.