The markets have been basically flat, directionless and consolidating toward a downward direction. Government bond yields are very low and long-dated Treasury bond prices are at the peak, indicating a high fear index. Hence, equity markets can easily go up climbing the wall of worry. I am mentioning this phenomenon simply to keep an overall perspective. At the end of the day, ETF Trade Advisor we have built a system to keep us trading SPY, SSO and XIU with no emotion or fundamental analysis. It is simply to ride the short-term trends, exploit the herds mentality, their fears and, euphoria to the max.
Market ThoughtsETF Trading Thoughts & Advice