The S&P 500 index proxy (SPY) continues to trade without sponsorship and the odds are about 55/45 at this time. There is a slight bias towards a bullish breakout, but nothing that would attract us to this market. We were expecting to be able to take short exposure this week, but our indicators never lined…
Joy Global (NYSE:JOY) has now twice come down near to our green zones and failed to trigger an entry. The last failure puts us into a lower odds scenario, and for this reason we have canceled JOY as a valid trading opportunity for the time being.
The markets are random… Trading is a socially acceptable form of gambling… You can’t time the markets… Three of the most destructive false beliefs that many have about the world’s financial markets. I am going to DESTROY THEM ALL in this article!
