Nice Way To Start The Year …
As everyone knows, the volatility so far in 2012 is weak. The VIX has been pretty much below 20 all month.
Our trading is a lot slower, but not any less profitable! Most days have been one and done days! In fact several days delivered 2+ points!
Today was a little slow. We had our first setup just before Chicago PMI. We lost. We swiftly recovered and moved on to profit about 10:15 AM!
There is a lot of hype on CNBC today about the Golden Cross – basically its when the 50 day crosses the 200 day.
Historically the markets tend to rally on the cross. However, I really don’t recall a time seeing it hyped up so much. So I am skeptical!
Personally I do not believe the markets are going to continue this rally much longer. I realize election years have historically been rally years as well, but I am a contrarian. What can I say ?
As long as my students are making daily income, I am happy!
Enjoy the rest of the day!
Cheers, David
ps..
For our new readers to the blog, feel free to check out the emini trading video library.
Some good stuff in there!
Get in touch if you have any questions …
