Monday, October 14, 2013

Don't Fight The Grind

Today featured a nice morning session breakout trade.  The TICK was all over that one.  An edge-feast if there every was one!

Typical grinder up type of day.  Not even the 1700 zone could usher in a sell response whatsoever.  Zombie low volume holiday session.

Intra-market themes were screaming for the most part too.

And for the 3rd day in a row they closed it on highs.

As always with this type of lower momentum, inside range, lower volume, grind higher structure, there is significant risk of a big red bar.  But we play the game and don't fight the grind.

You think that the markets are not flesh-eating-monsters?   This is not buying, it's short covering.  Only the fear of utter-total-annihilation can double a stock in a day.  And up almost 5x in a week.

Welcome to the party. Hope that you like your seat at the table.  If not, then the cake will not taste all that good.


Daily slides...






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