30 December 2010

30 DEC 2010, Thursday

  • How's about that global warming!  George Carlin lends some perspective to the "Save the Planet" initiatives.
  • WOOHOO!!!  Last 2 trading days for the year 2010!  It's been a pretty wild one with multiple straight line moves with precious few pullbacks to safely get on board using a day to day pullback strategy.  Extremes have persisted longer than normal and retracements are much shallower than in the past. 
  • Heck, even had a Flash Crash thrown in there for chuckles.  Active trading became my method of choice after that period due to anticipated higher volatility...worked for me but it is a lot more work and I hate having to monitor the overnights so much.  Feels like having a baby in the house...ugghhh!
  • A pretty weak Hindenburg Omen mid August (4% loss) and currently on another active Hindenburg Omen since mid December.
  • Most of the volatility has been completely wrung out as the VIX has dropped down below 20.  Hopefully, that will permit more of a swing trading type of environment.

No comments:

Post a Comment