
Let’s Rock!

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The media is obsessed with Trump’s first 100 days, so I thought I’d share a few charts (of course).
After deep and careful consideration, I have concluded that the entirety of market action over the past twenty-two hours was a Complete and Total Waste of Time. No real direction. No trend. No sense.
I’ll do a post later when I have something more helpful to say. See ya!
This market is nothing more than a mass of synapses that gets fired up by the latest tweet, rumor, or back-pedal. This morning, the bulls were in “all systems GO” mode with the breakout (green rectangle), which was immediately followed by a multi-hour face-slap (red arrow), allowing bears to short like crazy just in time to get their own losses from a bounce based on No Particular Reason ™. Enjoy the madhouse, folks! Stops are your friend!