I hate record highs because it seems traders are reluctant to go into uncharted territory. But in any case, despite the sluggishness in activity, there is still money to be made. I have not put any notes on today's charts. They are pretty self-explanatory. We have been going sideways and we may continue. Hopefully we'll get a break -- either way -- up or down. For some fast money.
Wednesday, March 26, 2014
Friday, March 21, 2014
March 21st Quadrupel Expiration
We're in record territory and dealing with skittish traders. Today was another waiting game for the best moves. The well announced sell off came just before noon and lasted for hours.
Thursday, March 6, 2014
The Wall of Worry
This buy signal on the monthly chart is almost scarey. We're just beginning a new push higher without any significant corrections. We're witnessing something that's very rare.