Little consolation these days for bullish investors — 2 days of declines in the US despite encouraging signs in the US job market.
What are we to do? I am taking a clue from the volatility we are experiencing and about ready to put in my position to profit from down move — but, BHP is still having hangover from recent “good news” of divestment of its nickel mine which has seen the metal price shine due to supply issues.
Nonetheless, one should be a little more forward looking given market-moving reports and the speech of US Fed Chair Janet Yellen today, strong housing data expected tomorrow (Friday in the US) and the FOMC meeting minutes early next week.
I’ve recently just finished the volume on Risk in the Peak Performance Course so that’s a very good refresher for me to ensure I am following the risk assessment I have built in on my procedure (like, really paying attention to the market since we all have to be careful about our own “positive thinking” or disposition cheering us on (or even the reverse), but may not be in sync with the market).
So, despite weak volume and volatility signals, no new positions today. Waiting for market action following FOMC to make sure I have a low-risk, high-reward trade.
When I can’t get to the blog, I thought I’d share my notes to you guys, at this Facebook Page for HighHeeledTraders.com
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Happy investing!
BLOOMBERG NEWS:
http://www.bloomberg.com/news/2014-05-15/u-s-stock-index-futures-little-changed-before-data.html
