.."Mayfest"

“…Europe was not in focus!.  Let`s hope this quietness remains.  But, like its EYJAFJALLAJOKULL neighbour,  you never know when it will erupt again and disrupt things. “…. 

Well..that didn't take long!

It’s irrelevant to discuss the specifics of the latest Eurozone (Germany..only blue eyed, blondes can trade) mess up, the fact is,  it’s something we’ll continue to deal with on daily trading basis as we did with our own mess in 07’-08’.    This doesn’t mean you can’t make money in this environment and that doesn’t mean shorting the crap out of the market.  Looking back at some of the past few trading years, some of the best were ‘07-’08.   Yes, on par or even better than ‘09 when ‘Joe the Plumber’ could’ve been a one hit wonder trading the market.    The point is consistency will get you further over time.  If you decide to change your trading methodology ie. try to short,  play the forex..you’re likely to get burned sooner than later in trying to take advantage of these almost daily ‘eruptions‘ in Europe.

Tonight,  we fill the gap all over the again and possibly test the 200ma as speculated the last few days.   All we could do is wait and see what materializes…One thing we do notice this week is it’s widely an ETF trade going on with minimal upside or downside to individual equities.   Of course, if another bout of panic ensues, this will change...but for now it’s a slight positive as money is not necessarily leaving US exposure stocks, but a fast traders market trying to take advantage of short term oppy’s driven by news flow.