Adjust Your Trading For The Market

THE WEEK

Last week I wrote about the Market in a nice down pattern – not a falling knife just a gentle down.  I have trading styles that fit every Market price/action.  The exception is a Market in chaos and fear which we have seen a lot of this year.  This week I had adjusted my trading to reflect a sloping down trend.  Then Thursday and Friday – BAM.  Once again we are hit with reversals.  This reversal was not on high volume or money flowing into the Market.  So once again, it leaves you scratching your head in confusion and asking what’s next?

LOOKING AHEAD – WHAT’S NEXT?

Earnings Season is just about over for the quarter with the majority of reports looking healthy.  There are always exceptions but I didn’t see anything that caused me alarm.  We all know that inflation and over spending by our government are the major factors effecting the Market right now.  Every week I dread the chaos that ensues with each government issued report.  I don’t think the reports scheduled this coming week will cause the Market to go crazy.  I feel a numbness has set in with the trading community and believe the reports will not cause major blimps as in the past.  I am waiting until I see Monday’s price/action before deciding how or if I adjust my trading style - AGAIN.

HOW AM I DOING?

My week looked pretty good until Friday’s jump up.  Ended the week with a 1.7% gain.  I am disappointed but have to keep in mind I have a 50.5% gain so far in our DATA class after 7 weeks.  My goal of making a 100% gain for the 10 weeks is not looking great but I am still determined.

This week’s deep dive will explore trading successfully in chaotic ups and downs.  

See you on Thursday’s webinar.