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Despite some end of day weakness, the big break we saw last week in the S&P showed follow through today. While charts are extended in the short term, they continue to improve when looking at the bigger picture. A special thanks to Medic for stepping in as I puddle jumped to the New York homestead for a few days.
...my wife and I lost our unborn daughter with a month left to go, watched houses burn in an area that I’m supposed to protect and in the last two weeks I have seen two people (literally) hit by trains. Deep breath time..
As we’ve discussed in previous Tape Talks, many areas are continuing to set up and look attractive. I have ventured into a few new areas this week and am watching many others.
As we grow as traders, many of us experience a similar test. You refine an edge to the point that it delivers consistent profits. As the consistency of that edge improves it becomes repetitive, and trading can actually become (dare I say it) boring. A temptation arises to
The markets continue to improve and major technical barriers are being overcome. Despite the improvement the general sentiment remains pessimistic. Let’s see what the charts say.
