'On Strike'
Simply..today was a ‘strike day ' as both buyers and sellers took the day off following a busy week on many fronts. Unfortunately, it may be a yawner for the rest of week as catalysts are few and far between with no eco’ data/ EPS / political events on the U.S plate. It’s a good thing as the market needs to digest the latest leg higher and for the Bears to try and muster up more scepticism on this 1 year anniversary from we called the “Mark of the Beast’ (SPX666) after the March 9th close. The wrath of the “Bull’ is still upon the marked and tormented ‘ Bear’ to this day a year later.
Today was also an opportunity for an education day, we either do some homework on potential plays looking forward or go back to see where we were a year ago and how we were thinking and handling the situation at hand. (Journal pages #25, 26). It never hurts to refresh your trading methodology...