Niche Grinding

Today was comparatively slow. It seems most participants are out fueling their last dose of vice before hunkering down for a good Christian cleanse. The three day weekend transforms into the five day weekend and what we’re left with is a slow drifter in the Nasdaq exchange.

17.75 points is borderline catatonic and after making money in the first 30 minutes of trade opportunity all but dried up. From then on I was managing existing positions, listening to podcasts, and other productive non-trading desk activities.

There was little for me to do. I closed out some February risk that faltered, perhaps a play too conservative, and took a scale in oil.

This is OPEX. We have FOMC tomorrow afternoon. Stay sharp and expect the market to exact some sort of punishment on the weary hung-over pagan types tomorrow. And if that doesn’t happen, don’t be surprised either. Do not let any initial impression knock you off your feet. Instead, step back and logic your way through it.