We got some unexpected strength. However, under the covers the message is quite mixed.
For e.g. the volume on NYSE, transports etc. were lesser than those on the SPY. Usually one would expect $RUT to outperform on such a solid looking day, but it was one of the laggards.
We are "scared" short term bearish into Apr 8th(+/-)
Trades:
No trades today too. We have been absolutely buried in work that there was no time to even look at the bourses during the day.
Lets keep it simple and forget waves and such, our strategy to wait for a close above 823 on increasing volume. We will add a small portion to the long side with a stop underneath. Lets see what the market does in the next key 7 days.
No comments:
Post a Comment