Now that ski season is officially over for me, it is time to get out on the trails - running and biking.
Already made it to Zion and planning the next camping trip (hopefully sooner than later).
It is snowing though and that kept me at the computer, looking for double fall line trades and buffalo bounces. Some worked, some didn't, so another grind of a day at the office. Typical of a bull market where the daily grind is like pulling teeth. Sometimes it becomes very frustrating.
As long as you properly size your positions and you use a trading plan (defined risk and reward), you live to fight another day.
The markets were down 50 today and are now up 23 - pretty big move percentage wise, but not helping our volatility friend - the VIX.
One fun trade that has had some decent movement is USO - check out the range. As long as stocks keep plugging higher, so will commodities, which weakens the dollar and thus, oil prices continue to rally.
That is pretty much it for the day. Other than that, for all of you naysayers, check out the Retail Sector ETF - RTH. Quite the run. Will it hold up entering earnings season? By the looks of Moab, Zion and the highway last weekend, I say it will. People are spending!Be Environmentally Cool with Locals Have More Fun apparel
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