The clue may be in some of the Daily volume figures with the rally yesterday comprising some of the lowest
volume in Months. Tuesday's sell off on the other hand showed some of the heaviest volume in ~2 weeks.
Buying volume will have to increase to be more convincing of the sustainability of the current up move. If the
market closes on the upside today on lower volume again, the yellow light with be flashing a little more rapidly.
Waiting for Godot ... or the thinning ice to break .. or ... the Buyer's to come back from the Hamptons?
Yesterday, We elected a 50% short/hedge position at 3384 or better with a stop on a close above 3420.00 for now.
We were stopped out of our 1st 50% short/hedge position from 3180.70 (25%) and 3240.65 (25%) for an effective
0.65% loss.
We were stopped out of our 2nd 50% short/hedge position from an average entry of 2161.66 for an effective 0.29%
loss, bringing our total loss on our short/hedge positions taken to date to ~ 1.30%.
volume in Months. Tuesday's sell off on the other hand showed some of the heaviest volume in ~2 weeks.
Buying volume will have to increase to be more convincing of the sustainability of the current up move. If the
market closes on the upside today on lower volume again, the yellow light with be flashing a little more rapidly.
Waiting for Godot ... or the thinning ice to break .. or ... the Buyer's to come back from the Hamptons?
Yesterday, We elected a 50% short/hedge position at 3384 or better with a stop on a close above 3420.00 for now.
We were stopped out of our 1st 50% short/hedge position from 3180.70 (25%) and 3240.65 (25%) for an effective
0.65% loss.
We were stopped out of our 2nd 50% short/hedge position from an average entry of 2161.66 for an effective 0.29%
loss, bringing our total loss on our short/hedge positions taken to date to ~ 1.30%.