I can’t tell you what tomorrow will bring. But, given the non-days of Monday and Tuesday, I’m not exactly expecting tomorrow to find the beginning of a substantial trend tomorrow. Plain and simple, I have very little to say tonight. Whether I’m wrong or right, I’m pretty much planning on postponing any significant trading until the market starts to inflict some more pain. Although this sideways action might be helping fatten me with some premium on the butterfly on silvers I throw out last week, it’s not doing a lot for my speculative futures plays.
Instead of getting frustrated, I’m getting focused on a few other things for the moment. So, I’m going to wait and see. I’ll be back before the week is over. But, my interests going forward are definitely honing in on Friday and next week. Who knows, perhaps we’ll see some head fakes in a few key markets over the next few days. Read the tape, watch intraday if you can’t get away.
