Wednesday, May 2, 2012

The sideways market.. what is it waiting for?

Lack of conviction and conflicting world economic data has the S&P 500 in a wide slithering range which is chopping even the best.

best advice is to back away and only trade your best set-ups or remain hedged via a spread which captures declines in premium.

would like to see 1396 hold into the close to set the mood for this overnight session... the market behaves better when 80% of the bots are asleep.

If you have not yet... check out a twitter alternative.. as twitter has turned into a fairly useless medium for market related discussion.. Twitter is more a newsfeed and or bullhorn imo..