Monday, October 20, 2014

Hello Mr. Grinder

It was time to say hello to an old friend today. A long-lost friend that has been hiding during this little downdraft.

Welcome home Mr. low volume creeper grinder uptrend day. You are just as special as you ever were.

With volume way down, and volatility too, odds are that the daytrading fun is over for a while, as apparently the indexes want to grind back to highs.

At least that's what it smells like currently.

Intraday: the 2 perfect the VWAP tests were the all clear signals to just let your trades if long, run for a while.


No comments: