For two years straight now, I've offered my thought on the markets throughout the trading day. Today will be last day of that format. Starting Monday I've agreed to do some consulting through an old colleague for two or three months which will necessarily curb my comments during the day. I'll still offer opening and closing thoughts and may manage a post or two during the trading day, but my focus will shift more from intraday trades to the swing trading that this site originally started out doing. We'll see how it works out and how much I can comment intraday but I will definitely not be working intraday trades as my focus will be elsewhere; especially initially.
The market is really struggling here today and that's rather interesting as today is typically a strong up day for the markets on thin volume. Wednesday probably offered the tip off with the late day selling and today is showing some follow through on that thought. I've shifted my assets around further already and have gotten a lot more balanced in what remains in the portfolio. Although we could move higher still from this area without a pullback, I would put the odds at a about 80 to 20 that we move lower before higher and that the move lower likely is a fast and furious one when it hits.
The market is really struggling here today and that's rather interesting as today is typically a strong up day for the markets on thin volume. Wednesday probably offered the tip off with the late day selling and today is showing some follow through on that thought. I've shifted my assets around further already and have gotten a lot more balanced in what remains in the portfolio. Although we could move higher still from this area without a pullback, I would put the odds at a about 80 to 20 that we move lower before higher and that the move lower likely is a fast and furious one when it hits.
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home