There are nickels still to be picked up on the long side. On the monthly chart we are working on the 13th green candle out of the last 15 months. The trend is actually accelerating. I may not pick the top on the short side, but neither am I buying the top by trying to grab the last nickels on the long side.
I have a short in Google. And I am long TLT way out in 2025. Other than that I am quiet. The market always wants you to trade at less than ideal times … that is the definition of liquidity that keeps the whole thing running. For myself though I only trade when I see good probability and/or good risk to reward. Right now not even close to either one.
Thanks,
Joe
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