All Stocks On A Short Leash

My wife told me when I woke up this morning that I was having one heck of a happy dream last night. (Yes, this is a true story). Like any good husband, I instantly had a rush of fear since I had absolutely no recollection of it. She told me not to worry, because she could tell from my mumblings in my sleep that I was happy because I was making tons of money in the market.

It isn't unusual that I dream about the market, since I spend so many of my waking hours thinking about it. But, it did serve as a reminder to me that when things get this bad, you'd better be looking for the other side of the trade. So, that's what I did after getting stopped out entirely within the first hour of trading. The 10-day support area, as I identified earlier today, provided the tell I've been looking for that it was time to put money to work again, at least for a trade. Obviously, I'm a bit surprised that it worked out as well as it did, but as the saying goes, sometimes the harder you work, the luckier you get.

Nevertheless, we've got a lot of crosscurrents on the tape over the next few weeks, so I wouldn't count my chickens before they hatch. As they signs says, all pets (i.e. stocks) must be on a short leash. In this market, you've got to smoke'em if you fortunate enough to get'em, and that makes for a very challenging market indeed. See you tomorrow before the opening bell!