Here is a quick recap of what we saw in the market today and what we expect. Today we pretty much had a trend day. Market runs up quickly in the morning and begins to move sideways for the remainder of the day. This a great thing if you are long from yesterday but if not then you are pretty much left on the sidelines. Traders trying to go long (usually from boredom) typically get shaken out before the day is over. It is also not a good time to short the market just because things are getting lifted up to extreme levels. Shorting is usually better the days following. Today’s close where we zoomed lower and the rocketed higher is the only part of today that stands out.
Stocks
