I’ve added one long position, simply because this market has no idea what it is trying to do here, and I don’t either, and instead of having just one short position, I also added an appealing long position in the Swing-Trading Splash Zone to give me some options to work with here.
The early morning positive vibes running into the open has been quickly vanquished and now we are looking at negative territory for the market and the third time in the last four trading sessions that the market has traded lower.
However, there is a catch to all of this – there’s zero panic in the selling. None whatsoever. In fact, on Friday, it was nothing but buy the dip on low volume, and that low volume has continued into today as well. So for now, the market is taking a break, a rest, a siesta – whatever. After that, the next move is unclear, but for now the market remains in an uptrend, still intact, and despite some recent selling nothing has been done to change that.
