As I’ve already posted that I’m long heavily. It is therapeutic to talk your book. Everyone does it because everyone is typically nervous about being wrong to some degree. During these times those feelings are heightened a smidge. A gap down open is what I need and what I want to see. It spells temporary [...]

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I ended going very lightly long this morning. At around 10:45 the NDX and RUT were down to 1854 and 715. Currently the NDX is up significantly from that level without the market looking like its going berserk to the upside. I’m not expecting any more serious upmove then whats happened already today. A high [...]

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I may or may not nibble on some longs. I’m having a slight change of heart only because yesterday was such a good day why ruin it with a forced trade right? Maybe wait till the close to be a buyer. I’m looking for a low range / high consolidation day today (open and close [...]

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Initially I thought we would be heading down today based on yesterdays volatility. However, that didn’t pan out, but I recognized what the move for today was going to be early on and dropped my shorts in the index funds and went to cash. I was afraid to go long because the NDX was showing [...]

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