Searching for Support

The continuation day played out nicely today. We can never be sure of it, but that is the normal scheme of things.
Several key thoughts come to mind, and if you followed my calls on Twitter you should have had no problem observing the battle in my mind for:

My preference for the short side trend trades
The [...]

Swine get slaughtered

The market is more than happy to have us as participants.
The Boyz understand that the Bulls and Bears are going to do battle; but they especially love us if we are swine.
In the day to day battle of five minute charts, we need to step back and look at the bigger picture.
Wasn’t it just yesterday [...]

Snowball rolling

 
Newton was on to something when he articulated the Laws of Motion.
The snow is coming to the Northeast, and we can try rolling a snowball down hill to test the theory.
Resistance held, and after a narrow range morning, the longs blinked and were sent scurrying for cover.
The afternoon knife  through 01.25 started the ball rolling, [...]

The Plunger

After the huge gap down open, today’s move was sideways range trading until the nasty late day plunge that squeezed the early longs out, then squeezed the late shorts who didn’t recognize the EOD trade.
What a game.
The Boys took away 35 points of travel range overnight, leaving the shorts worried about shorting too low all [...]