The Daily Dose of Trading Comments

November saw one heck of a run on the street with the bulls ramping the induces up to positive levels on the years. Wall Street bonus compensations, as I understand them, are based primarily on year end numbers and that's why we see a push in the fourth quarter most every year. This year was no different. It feels artificial and it probably is, but it is what it is and if you ignored it, you miss the best opportunity of the year to make money and it continues. I have been slowly building the portfolio long size back up over the past few days and telling you I was doing so. The setup is there for another run into year end. December we have gone nowhere working off the excess of November through time and sideways price action. Whether it makes sense or not, it's been unfolding in front of our eyes. It may end up not being that big of a deal or it may end up bigger than we think. We don't control how high or how low prices go; we only control our entry and our risk. We project our potential gains given the charts and we use that to understand if the risk/reward is in our favor. Don't make it complicated. It isn't.