Large Swings Lead To More Indecision, S&P Finishes Up 1%

March 25th, 2009

Okay, so let me get this straight. We open the day up nearly 2% this morning, then sell off during the afternoon – down nearly 1% – just to finish the day all the way back up 1%. In my years of trading, this is nothing more than flat out market indecision. There is a huge battle going on between buyers and sellers. The people who were long during short term rally are still holding on for dear life, while the bearz are out there licking their lips. All in all it makes for these crazy but fairly needed battled. Believe me, those people who are on the right side (aka members) are going to make a ton of money when the move happens.

 

If we take a step back and ignore all the news and media – like we should be doing anyway – we would look at a market that has dramatically moved from ultra-bull to an indesisive-bull. Granted we have made huge strides in just these past two weeks and members and I have made a ton of money on going long, but risk right now dictates that we tilt more and more bearish as this particular move runs out of steam.

 

  • Share/Bookmark

Comments are closed.