What a stupid market. Anyway, if its going to act that way then I’ll have to lower my % goal this month by a few percentage points.
Right now, we’re seeing a lot of hesitation and delay effect still going on. Today we got that squeeze. This market is either too predictable or too unbelievable. Yeah, go figure. Everything is classic, except everything doesn’t feel right… we get a sell-off but it doesn’t feel like a panic type selloff; we get the squeeze that everyone was waiting for, but I’m like how soft is that? And at the close of today’s tape, we get the tail down on the squeeze, but its like I can’t trust it; market gaps up, you fade it; FAZ is up you fade that; market has become too predictable and yet deceiving at the same time. Lol. Seeing how messed up in the head this market is, I caught a 6% move in FAZ near the close… market squeezes and I still catch a gain in FAZ?! How is that possible? I need a break. In the back of my head I feel like the market is ready to get out a club and beat me up.
Finally, the VIX is down over 9% and FAZ is green. Bwa ha ha! Hmmmm. Scratching my head here. All I can say is that the face of this market is changing, therefore you should be adjusting your trading strategies a little. Trading in the past 2 months cannot be applied to the months forward. Game changes, play by the rules.
aLoHa,
Gio
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