In response to the confidence in my feed recently that the market would be plunging lower today in crisis form, how do you feel about this response? Just holiday noise? Real crisis surfaces tomorrow? Real traders don’t sell out of respect for Columbus?
I’m emboldened by the 4 point range in the S&P today. She’s quiet as a lamb.
Since speed was the #1 signal we were looking at this week, it’s official; we’re off to a slow start. If this market were seller controlled, then they’d be selling this, no?
Rather than read too much into today, let’s continue to apply the same analysis over the course of the week.
I did way too much over here for such a quiet day. If things are quiet again tomorrow, try and remember that less is more. I’m going to try and focus on that this week and work on managing what I have already.