I’ve started a trade journal, where I will essentially paper trade and test ideas out, as since January started I have struggled. I am attributing this to my inability to mold fast enough to the market and the swift change from absurd volatility to little volatility and even less volume. This post will be brief thoughts on what I am seeing in the markets…

Soda looks like it had a key short term reversal today. Didn’t gap down but for all intensive purposes it did…. Close above 38 short term support and a solid red/green move. After yesterday’s effective doji and today’s tail lower being bought up, I think it can see a lot of upside fast, given its high short interest.

GMXR refuses to go down. Sellers have tried a few times already, and keep failing. It is due for a squeeze. I will be even more bullish if sellers try and fail to take it under 1.15 again. This has a high short interest as well.

The markets seem to want more and more. It feels like last year around this time when we churned higher on QE2.

Tweet