Another day another big gap up in the Stock Market! As I said the floodgates are now open. Countries are making no pretense now about tightening except for a few scattered Fed Heads.
I have missed most of the rally and not only that have a few small short positions. So what is one to do? I am not a woulda coulda shoulda type of gambler. I take each day anew and no reason to drift back into bad habits now:)
Most likely I will be stopped out this morning on the several shorts I have. And then its wait and see. I will be looking to catch a day trade to the long side in the event it looks like a trend day. Other than that not much else to carry out today.
Sometimes you zig and zag. I am very familiar with this anomaly of chance! That’s the benefit of having experience. You see things and you react rationally because you have seen them before.
In any event, I am keeping this short this morning as I woke up late and have some scans to finish up. Then, of course, tomorrow the 2nd half of the baseball season is in full swing. Nice to get a 3-day break but I am ready to get back to attacking the books. I really enjoy that!
Good Luck Today
RickJ
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