The Daily Dose of Trading Comments

In times like these, where uncertainty is at or near a peak, one has to either scalp the volatility or simply stay in cash. If you are one of those long term investors who doesn't consider the ups and downs because you know that eventually you will be rewarded, then it all doesn't matter anyway. Because I watch the markets reasonably close all day as I do other work, I see the moves more so than the casual observer. I see the Russell leading us higher. I see the dollar getting whacked and the metals reacting to it. I see the bond yields dropping and inverted yield curve becoming a reality. These are not easy times to trade but it's a lot better than the images I see of stranded survivors of Katrina. It's easy to forget sometimes just how fortunate you are.

Had a conversation with the kids last night about how one day can change everything. We see it all the time in video from Middle East, from the devastation of an earthquake, but usually it's over there, not here. To see refugees in New Orleans, a place I visited last summer on my long road trip, it kind of hits home. I'm through commenting for today. The rally we thought could occur is. We are moving towards the top of the channel but there's still a bit more room. I believe it's temporary though and don't believe it's that elusive buying opportunity. I would advise against that strategy unless your time frame is hours, not days. Have a good night, kiss your kids and loved ones. We live day by day and even though we sometimes feel that we have everything under control, we really are more fragile than we think.