I hear a faint jingle and smell peppermint schnapps. If I’m not mistaken, Uncle Santa the giver is near. The markets are behaving Santaesque, if only intraday. During the opening and closing bell the Coca Cola bears, juiced up on sugar and caffeine, take wide swipes at the market—pawing bits of flesh into their mouths as if it’s warm honey.
Much like the children, I have some Christmas wishes. The first is blood. I want more blood. I sat on my hands diligently today, keeping my fingers off the buy buttons. I put on an AMZN YOLO trade, buying tomorrow’s 390s. That was it.
Under the surface, I was brooding like Ryan Gosling, circling my prey like a vulture while waiting for the highway traffic to clear. I had an opportunity intraday, but I held off. I am being very selective with my 10% working liquidity.
Should I see one more day of selling, if only for the morning, I will be drawing my battle lines and buying FCEL, ZNGA, more GOGO, more RVLT, or any other ticker that tickles my risk appetite.
One more day
All I want for Christmas is one more day of selling, Friday the 13th.
I may have to pay up, because today offers the discounted prices of uncertainty. More information costs more money. You’ll learn this as you trade more. It’s fun.
One more day
Good night,
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do you clean the blade of your sword after a successful battle cutting a dragon’s head off? Or do you let it dry on to serve as warning for the next?
well that’s an abstract thought, I suppose in the event I was actually slaying Dragon, I would be keeping my tools meticulously clean
The santa claus rally is not for a few more trading days. It includes jan 1 and 2. With the no taper news coming next week. Hard to imagine missing anything until then.
nice call so far ironbird