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How are you positioned in this market?

Today the central banks claimed their will to allow unlimited access to dollars for whoever needs them. Don’t be too excited. It will not be you or me who can ask for the new printed money. It will be given to those who spent them recklessly and now need a bailout. How often have we seen it?

This market is acting on news only at this point and in so chaotic way that (for me) it is hard to determine the trend (besides that there is no trend). It goes up one day or two and falls down the next day.

When in doubt stay out.

Has the European crisis been solved by this move? No, it hasn’t. It is weird watching analysts and news commentators along with public on discussion boards saying the same thing that all these measures are wrong and not solving anything (just a smoke and mirror) to camouflage the real steps which need to be done and no one has done them yet, but the market reacts with full of excitement by gapping up (or down when the same news claim that they were wrong yesterday).

Looks like we need to get used to gaps in today’s trading.

Apparently I misjudged the market once again and sold my calls early, so I missed this fake rally. However, we are now higher and in my opinion this move is not sustainable. Now I will be waiting for a signal which direction the market wants to go and based on that position myself.

Happy Trading!





3 responses to “How are you positioned in this market?”

  1. David says:

    There’s lots of money to be made trading some of the wild swings in between. Buy the dips, sell the bumps, it’s that simple. Buy-and-hold isn’t going to get you anywhere in this market.

  2. Macy says:

    I am out of this. I cannot sustain this market. I sold everything I could and have all my cash in savings account.

  3. Jim says:

    I am bullish man! I think the market has bottomed and now we are going up, up, up!

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