Buying the dip seems to be working better, all of a sudden.
With commodities collapsing, all that money has to go somewhere. Why not stocks?
This does not mean that I am giving up my counter-trend, day-trading strategy. That is still working. If it ain’t broke, don’t fix it.
The forces impacting the market are still very much a mixed bag, in my opinion. And so, I still do not see any reason to take on overnight risk or to be overly aggressive on the either the long side or the short side.
Just trade ’em–maybe with a little upside bias for the time being.