I have not taken any trades to start the week, instead opting to wait for a more clear intent from either the buyers or the sellers. My positions are up today, led by Twitter which is being led around the on a leash through the news pump. Upgrades and such, they type of news that benefits few but occurs on the regular.
Today would be a tough day to trade intraday unless your only move was to buy the open and hold on. The gap-and-go scenario played out well this morning and up to this point we have printed a subtle trend day. The biggest challenge for me is resisting the urge to short. I feel like, as a down and out bull, I will rush too quickly into a short and then lose exponential confidence and precious capital when the market goes on a rip.
I am eyeballing NFLX for weakness but otherwise sitting put. I am up a little over 1% on the day.
We are hanging out on top of my intermediate term balance. No sign of sellers yet.
