Everything is moving along as suggested…just slower. Grinding away traders patience, mother market continues to keep you on your toes. A full 10 days now straight across the top as DOW and SPY continue to hang. The Nikkei has pushed “further” than expected, and Gold has not yet given a reason to re enter.
So……I don’t have a trade yet. No biggy but……I do like to stay active. How’d the last 10 days go holding longs? ( No money made ).
I plan to wait a touch longer ’til I see turns in both USD/JPY as well Gold….both in rather “stretched cycles”. As it stands Gold should have formally bottomed days ago so…..everything prolonged. Everything stretched.
So it goes at times….we can only make plans for the future “as we imagine it”.
With the French election out-of-the-way, and now seeing the market reaction as “completely unamused”, I continue to hold tight in cash ’til I see something “convincing” turn my head.
Tech stocks still performing well this a.m as well so no real reason to jump out on the playing field here today!