Good morning.
On days like this I am reminded that Trading for a Living is not a sprint, its a marathon. This runner needs a little more rest.
It turns out I have a borderline case of pneumonia; after last night I have a feeling its not borderline any more and under doctor’s orders, I face another line up his office to confirm that. Like a computer program that never fails when the expert is over your shoulder, I sounded much better at the doctor’s office yesterday than I did before or after. Sadly that’s not likely to be an issue today.
In order to beat this thing back quickly I’m going to do what I should have done 5 days ago and dramatically cut back my trading hours for a day or two and dramatically increase my sleeping hours at the same time.
I will try to be present during the period immediately before and after the FOMC release – in this morning’s newsletter, please take note of my personal rules on trading before the FOMC announcement.
Following the trade deficit numbers this morning, index futures are off somewhat; hopefully this and the looming announcement will pause markets enough to allow us a good look through the swing candidates list and be ready to act when the dust settles.
I will drop by the live chat briefly; also this morning I’ll publish a selection of long and short candidates, for even though the markets seem to want continue higher, we need to be prepared for either direction.
04.12.14 09:23 #