As pointed out last couple articles, Markets are tiptoed its way back up making a very near perfect "V" without much accumulation.Yesterday the divergences along with OIL Price started bothering the markets.
My positions in EDC, EWS and THD funds got stopped out.
The only position I am holding this week is DGP.. DGP came out from consolidation and broke out with new highs, hence I took the position. The current stop is at 42.86.
It was very unusual day in my trading career yesterday.
Positives
- Profit-taking seen in market sector leaders Oil & commodities
- Low volume selling
- VIX not spiking up.
Negative:
- No sector rotation
- No buyer on the dip
- No POMO influence
- Usually VIX hints correctly but yesterday was very cruel painful wait and then ended the day on some selling.
- Hopefully today will be a better day as it is my friend's birthday.
- Happy Birthday to you Sunny.
0 comments:
Post a Comment