Nazzy Holding Its Water

Developing an intimate relationship with a traded instrument is an interesting exercise. This is especially the case in a slow market. Mentally the occurrences seem similar to the nonverbal cues you’re able to detect with your closest relationships, like a look your wife can give you or a small shift in posture.

Today for instance, featured some of the heaviest offer spoofing I have ever seen yet here we are, trading flat, after filling the overnight gap, despite the spoofing. The market is quiet. I didn’t even listen to Yellen today, wasn’t it essentially a repeat of yesterday?

Oil’s somewhat behaving.

Smooth.