Patiently Waiting

I have not made a single trade since Monday as I wait for better opportunities. There are no called strikes in the stock market. Have a great weekend.

3 comments:

Anonymous said...

what if we gap down 50 s&p points on monday.

Anonymous said...

u sound like u wanna short but not too early.

Tsachy Mishal said...

I don't necessarily want to short but we are closer extreme optimism and at that point the market becomes very dangerous.

If we keep going straight up and sentiment gets a little more extreme I would likely short. But if we get a decent correction early this week I think the market is good for a long trade into QEII. Admittedly, time is running out for a correction before the turn of the month.