One unmistakable pattern in the markets …
One unmistakable pattern in the markets the last couple weeks — where they open, they pretty much close. While we’ve had our fair share of 1% intraday moves since I started trading again, we haven’t had a full intraday swing from positive to negative or from negative to positive in a long time. The markets open 1% or so, and they close up on the day. The markets open limit down, we might rally off the lows, but we finish in the red. I’m looking for to scale into some more of my XLF and LPS shorts, but am in no rush, as I’ve already done my duties at these prices.