Tuesday, January 3, 2017

Happy New Year!

I won't be blogging much probably this year.  But will try to post the BEST patterns, like today.

Today was a sweetie.

 After last year's construction project, having multiple tenants at my place now, AND starting up a new practice as a professional fiduciary, I'm busy!

But this blog was fun to do.  For years, day in and day out, there were great patterns to talk about and it's nice to have a permanent record of them here on the blog.

But with VIX just bouncing off of major lows, there is not enough movement for me to engage the market much more than twice per month unless VIX is well over 15.   And that gets really, really, old for so many months out of the year.

But I liked today's patterns and the VIX spiked off of lows a bit to provide some nice movement.

Trade of the day was to go long at 11:00 the transitional structure lows for a late session short covering rally.