The Fluid Trader

Today we saw the market gap up to sustain their gains throughout the day.  We saw the DIA sustain a lateral trading range for most of the day and the broke through around 1:15PM today.  There were better than expected earnings reports that from Intel, JP Morgan Chase, and Coca-Cola which spurred on the rally.  It should be rather interesting to see what will happen in the markets during this earning season. 

Let’s see what the markets have in store for us for the rest of the week!

Question: Should I continue with posting pivot point analysis on the blog?

Hello All!

I’m back from a somewhat long hiatus.  My mind was driven away from this blog and I’ve decided that it has gone too far!  So I’m back and ready to go.

During my “vacation”, the markets were doing some amazing things. We gained 300+ in a day and we would lose 300+ in a day.  The volatility and the confusion in the markets make it difficult for swing traders like me to decide where to go unless its intra-day.  I do believe that we are trading in a consolidation at the current time which we hope it will break to the upside.  We’ll see what happens!

Thanks for coming and I will continue my analysis soon!

- The Fluid Trader