Says Something

Typically neutral days are my favorite day type. They rile everyone up, cause confusion, and most importantly they set up sweet intra day opportunity. But whoever directed us into this neutral, did so with little time on the clock, effectively lopping off opportunity for bulls to complete the reversion trade.

Market trust levels are low, and events like this are behind it. You can’t be a 10 day trader and turn your back on this market. As a matter of fact, the 10 day trader is a dying entity. You can either hunker down and invest, or shorten your time frame.

But enough glum, more fun. Twitter is a perma-favorite of mine and Exodus telegraphed this move rather lovely back on March 24^th. On that strong day, TWTR became overbought, which is cool because it gave me a trove of data to analyze. Said data described how the next several days would likely go, and indicated that behavior was likely to be a bit dodgy for the next 3-5 days, but around day 10 the signal actually bodes well for bulls.

They have something special with Periscope, and all the heavy hitters are using it. That says something. Just like they love to tweet, they love to Periscope, aka, they love Twitter. You should too, regardless of any silly rumors.

All time highs or bust.

https://youtu.be/9VV8sgVSZNQ