The Afternoon Ramps Will Continue Until Morale Improves

Even today, after a long week of nudging higher, the system managed an impressive afternoon rally.  These ‘events’ have been happening with increased frequency.  Seven out of the last eight sessions have seen an afternoon buying spree at the NASDAQ barter and exchange.

Amateurs trade the open, pros the close.  This is another useless trading axiom.  However, a strong close does wonders for improving the mood–especially heading into the weekend.

I’m headed into the weekend with a chest full of bravado, a pocket full of pesos, and a penchant for risk.  What could go wrong?

TBD