How many different markets have we seen today? We got the morning bounce, the downside reversal, the upside surge, and now the anti-climatic give back. The market, for the time being, is undergoing price discovery. As a result, we are wading through a period of annoying volatility. If you’re watching every tick and trying to profit from the swings, you’re driving yourselves mad.
I am no longer interested in the intra-day ranges and will focus on weekly performance.
You’re trying to play the bounce in oil? Good. But don’t expect miracles on a daily basis.
German markets continue to outperform. The best way to play it this year is via new ETF HEWG, which hedges out the currency risk. If that ETF continues to attract new buyers, the parent company, WETF, should outperform as well.
For the moment, my #1 directional trade is to be long oil stocks. For the month of February, leading up to the driving season in March, there is tremendous opportunity in some of these beaten down names. But I can no longer watch them tick by tick.
Extend the time frames; stop adding cocaine to your morning coffee.
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Any thoughts on Deutsche Bank DB?
I prefer BCS.
DB has a lot of Greek exposure.
OK roger that …
I am but a mouse in a room full of elephants.
What is your preferred play in oil? $SLCA? I really like $RIG here
SN, ECR. I am looking at WTI too.
I think you are dead on here, when I shift my horizon to weekly time frames trends and shake outs make a lot more sense, but lately trading on shorter time frames has been like letting a pack of raccoons or gremlins into my kitchen.