I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Friday, November 4, 2011

Nov 4

From yesterday: Chop, chop, chop. Up 3%, down 3% up 3%, etc. Definitely not an easy market to take positions in when these moves happen over 1-2 days

Today? 214th verse, same as the first.

My 60-min Trend System issued a sell signal today. Buy signal from yesterday got cancelled by the gap and move down this morning, giving the trade a 0.8% loss. Chop, chop, chop. See here and here. (These updates are sent out as part of my Trend System Notifications).

Currently waiting for the next setup to emerge.
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