After having Friday off traders took to the market pushing the market lower. Of course our FANG stocks continue to act well, but the remainder of the market remains anemic. Given we have another shortened holiday week there should be little expectation we will have any sizeable moves. Volume was higher than last Thursday’s level. It was pretty easy to overtake a holiday shortened session. Aside from end of day long signals failing there are a few intraday trades to be had. They are not abundant, but if you are able to control your entries and exits. At some point this market will break one way or another we will be ready.
We hope everyone had a nice holiday weekend. Always important to enjoy your time away from the market. Create balance in your life as it will serve you well. Removing emotion from trading decisions should be your number one priority. Execute flawlessly and without bias. Big Wave Trading was created in 2007 and we have provided our process to many subscribers. Our subscribers benefit from our time tested process in any market cycle. Come join us and take advantage of our system.
We’ll continue to grind our process and continue to execute regardless of what we think. Thinking is dangerous when making trading decision. Stick to the process as it is the most important part to your success.
Let’s see what we get out of this market for the remainder of the week.
